UPI Hits Record 25.47 Billion Transactions in October 2026

Unified Payments Interface processed a record 25.47 billion transactions in October 2026, worth Rs 31.53 lakh crore, according to NPCI data cited by Entrackr. The figure marks a new high after September’s 24.07 billion transactions and Rs 29.37 lakh crore in value.

The month-on-month growth stood at 5.8% by transaction volume and 7.4% by value. For readers tracking India’s payments economy, the key signal is continued expansion in both usage and money moved through UPI.

On a daily basis, UPI averaged 822 million transactions in October, up from 802 million in September. Average daily transaction value rose to Rs 1,01,707 crore from Rs 97,913 crore.

October had 31 days compared with September’s 30, but the daily averages still moved higher. That makes the record notable beyond just the additional calendar day.

UPI transaction volume grew 23% year-on-year in October, while transaction value increased 16%. The platform first crossed 23 billion monthly transactions in May 2026, when it processed 23.2 billion transactions worth Rs 29.90 lakh crore.

Volumes later reached 23.66 billion in July and 24.51 billion in August, before dipping to 24.07 billion in September. October’s data pushed the monthly count to a fresh peak.

PhonePe led listed UPI apps in September with a 45.6% transaction-volume share, followed by Google Pay at 32.2% and Paytm at 8.1%, according to NPCI data cited in the report. The October app-wise breakdown had not been released at the time of the article.

NPCI also deferred implementation of the merchant discount rate on select UPI transactions until after Diwali, with a revised date to be notified separately. The framework provides for a 0.4% charge on specified person-to-merchant transactions above Rs 2,000, capped at Rs 300 for transactions of Rs 75,000 and above, while UPI payments of Rs 2,000 or less and person-to-person transactions remain outside the levy.