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Unified Payments Interface (UPI) has emerged as the most preferred mode of payment during the festive season, reflecting strong consumer spending and a revival in demand, according to a report by Bank of Baroda.

The report noted that the value of UPI transactions rose sharply to Rs 17.8 lakh crore during the festive period, compared to Rs 15.1 lakh crore in the same period last year. The increase shows how digital payments continue to drive consumption patterns, especially during major festivals like Dussehra and Diwali.

In September 2025, UPI recorded a 2.6 per cent month-on-month increase in value, marking steady growth in digital transactions. Alongside UPI, debit card usage also increased, with payments rising to Rs 65,395

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