UPI just had its biggest month ever
Business
UPI just had its biggest month ever, processing 20.7 billion transactions worth a whopping ₹27.28 lakh crore in October 2024.
That's up 16% in value from last year, thanks largely to festive shopping sprees.
On average, people made 668 million payments daily—moving nearly ₹88,000 crore every single day.
UPI is now live in 7 countries
UPI now handles 85% of all digital payments in India, with a growing majority of transactions now happening between customers and merchants—so cashless is definitely the new normal.
It's not just an Indian story either: UPI is live in seven countries (including France), making cross-border payments easier and showing how India's payment tech is going global.