The Prime Minister’s Office (PMO), X handle sharing a report via the NaMo App on X, highlighted that Unified Payments Interface (UPI) transactions surged to record levels this Diwali season. The rise was attributed to strong festive spending and reduced Goods and Services Tax (GST) rates, as reported by financialexpress.com.

According to data from the National Payments Corporation of India (NPCI), average daily UPI transactions in October stood at ₹92,909.4 crore, up from ₹83,200.3 crore in September. The platform recorded an average of 691.39 million daily transactions, compared to 656.91 million the previous month — indicating steady growth in retail and merchant payments.

On October 18, UPI achieved its highest-ever single-day tally, processing 754 million payments worth ₹1.02 lakh crore. Between Dhanteras and Diwali, daily transaction volumes averaged 736.9 million, valued at ₹87,568.7 crore — significantly higher than the prior month’s ₹75,389.4 crore.

The PMO’s post emphasized that digital payments continue to redefine India’s economic momentum, with UPI leading the nation’s journey toward a more cashless, tech-driven economy.

(Disclaimer: This news update is compiled to facilitate readers in good faith. THE NEWSMAN OF INDIA takes no responsibility for the authenticity of external data sources.)