{
  "id": 17542831,
  "title": "UPI Transactions Hit 25.47 Billion In October, Value Soars To ₹31.53 Lakh Crore",
  "url": "https://urgent.news/2026/11/01/upi-transactions-hit-25-47-billion-in-october-value-soars-to-31-53",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T04:44:21.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/upi-transactions-hit-2547-billion-in-october-value-soars-to-3153-lakh-crore"
  },
  "original_language": "en",
  "account": "New Delhi: In October, the Unified Payments Interface (UPI) saw a 23% increase in transaction volumes, totaling 25.47 billion, while the value of UPI transactions rose by 16% to ₹31.53 lakh crore, according to data from the National Payments Corporation of India (NPCI). Daily UPI transactions averaged 822 million, with an average transaction value of roughly ₹1,01,707 crore. In September, UPI transaction volumes increased by 23% year-on-year to 24.07 billion, while transaction value grew 18% to ₹29.37 lakh crore. The NPCI deferred the implementation of Merchant Discount Rate (MDR) on specific UPI merchant transactions until after Diwali, easing the financial burden on merchants and consumers during the festive season. The MDR framework, planned to take effect on October 15, will target select merchant categories such as railways, telecom services, insurance, and fuel purchases, with a flat MDR of Rs 5 on transactions over Rs 2,000 and a flat 0.4% charge on payments to large merchants above the same threshold. Only about 4% of merchant transactions are expected to be subject to the new MDR rules, while the vast majority of person-to-merchant (P2M) UPI transactions will remain exempt.",
  "summary": "New Delhi: The Unified Payments Interface (UPI) transaction volumes went up 23 per cent (year-on-year) to 25.47 billion in the month of October, while UPI transaction value surged 16 per cent to Rs 31.53 lakh crore last month, according to data released by the National Payments Corporation of India (NPCI) on Sunday. On an average basis, UPI processed around 822 million transactions daily in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}