Daijiworld Media Network - New Delhi

New Delhi, Oct 23: Finance Minister Nirmala Sitharaman on Thursday announced that India’s Unified Payments Interface (UPI) achieved a historic milestone by processing 754 million transactions worth Rs 1.02 lac crore on October 18, the highest-ever single-day tally since its inception.

Sitharaman attributed the record-breaking surge to robust festive demand and the positive impact of recent GST rate cuts, which boosted household spending during the Dhanteras–Diwali period.

During the three-day festive window, the average daily UPI volume stood at 736.9 million, a sharp increase from 647.46 million recorded during the same period a month earlier.

“It has been a cracker of a Diwali for retailers this year as GST rate cuts have boosted consumption, ena

See Full Page