Business
UPI average daily value crosses Rs 1 lakh crore
The Hindu BusinessLine·
Unified Payments Interface average daily transaction value crossed Rs 1 lakh crore for the first time in October 2026, National Payments Corporation of India data showed. The daily average reached Rs 1,00,871.30 crore, up from Rs 97,913.22 crore in September. Average daily volume hit 821.69 million transactions. October totals were 25.47 billion payments worth Rs 31.52 lakh crore.
Prism
What It Means For You
- More festive and everyday payments moved over UPI as daily value cleared the Rs 1 lakh crore mark.
- A proposed merchant discount rate on some person-to-merchant payments is expected after Diwali.
- Neighbourhood retailers remain a common assisted entry point for first-time digital payers.
What's Happening
- September volume was 24.07 billion payments worth Rs 29.37 lakh crore.
- Business Standard put year-on-year October volume about 23 percent above October 2025.
- Cashfree's Reeju Datta linked the rise to Navratri and large online sales in October.
The Numbers Behind the Milestone
- NPCI is an RBI-regulated entity that runs UPI over the IMPS infrastructure.
- PayNearby's Anand Kumar Bajaj cited 25.47 billion October transactions worth about Rs 31.53 lakh crore.
- Daily volume also set a monthly high at 821.69 million in October versus 802.28 million in September.
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