UPI's Best Month Ever: Here Are the Numbers
Hey Payments Fanatics!
India just hit a notable UPI milestone.
In October, the country logged a record 20.7 billion transactions, amounting to ₹27.28 lakh crore. That’s over $327 billion USD in digital payments processed in just one month.
According to the National Payments Corporation of India (NPCI), this marks the highest-ever monthly total for the real-time payments network, in both volume and value.
Not long ago, we tracked UPI’s journey to 10 billion transactions and how it evolved from a fragmented ecosystem into a globally admired blueprint.
From QR codes to AutoPay and international use in places like Bhutan and France, UPI has become a model of scale, security, and interoperability.
Now, with October’s new record, India’s homegrown payments rail sets the pace for the rest of the world.
Catch you tomorrow with more Payments insights.
Cheers,
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