UPI transactions hit a new high this Diwali season, with festive spending and lower goods and services tax ( GST ) rates driving record volumes, data from the National Payments Corporation of India ( NPCI ) showed.

On October 18, the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore, marking the highest single-day tally. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million — higher than 647.46 million in the corresponding period a month ago.

The average transactions during the three days were Rs 87,568.70 crore, higher than Rs 75,389.4 crore in the month-ago period. In October, the average daily UPI transactions stood at Rs 92,909.4 crore — higher than Rs 83,200.3 crore in the corresp

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