UPI Hits Record 20.7 Billion Transactions in October 2025
India’s Unified Payments Interface (UPI) achieved a historic milestone in October 2025, processing 20.70 billion transactions – the highest ever recorded. The digital payment system also crossed 750 million transactions in a single day for the first time on October 18, 2025.
Key Takeaways
- UPI processed 20.70 billion transactions in October 2025, up from 19.63 billion in September
- Transaction value reached Rs 27.28 lakh crore, showing 16% year-on-year growth
- Daily record of 754.37 million transactions achieved on October 18, 2025
- UPI dominates with 84.8% share of digital payment volume in H1 2025
Monthly Performance Highlights
According to NPCI data, UPI transaction volume increased 25% year-on-year, while transaction value grew 16% to reach Rs 27.28 lakh crore in October. This represents significant growth from Rs 24.90 lakh crore in September and Rs 24.85 lakh crore in August.
Digital Payment Ecosystem Growth
The Reserve Bank of India’s Payment Systems Report from June 2025 reveals remarkable expansion in India’s payment landscape. Transaction volume surged from Rs 3,248 crore in CY 2019 to Rs 20,849 crore in CY 2024, while transaction value increased from Rs 1,775 lakh crore to Rs 2,830 lakh crore during this period.
Market Share Distribution
In the first half of 2025, UPI accounted for 84.8% of digital payment volume, followed by NEFT at 3.9% and IMPS at 2.1%. However, in value terms, UPI held a 9% share while RTGS dominated with 69% of transaction value despite accounting for only 0.1% of volume.
The Real Time Gross Settlement system, being a wholesale payment system with minimum transaction amount of Rs 2 lakh, naturally records higher value but fewer transactions. Digital payments now handle 99.8% of transaction volume and 97.7% of value across India’s payment segment.
