Riding on the festive shopping wave, Unified Payments Interface (UPI) transactions soared to an all-time high of Rs 27.28 lakh crore in October, clocking 20.7 billion transactions, according to data from the National Payments Corporation of India (NPCI), reported PTI. This marks a 9.5% month-on-month rise in transaction value from Rs 24.9 lakh crore in September and a 16% jump year-on-year from Rs 23.49 lakh crore in October 2023. The last record high was Rs 25.14 lakh crore in May this year. The festival month also saw an average of 668 million transactions per day, with an average daily value of Rs 87,993 crore, underscoring the deepening reach of digital payments across India. “The steady rise in UPI volumes, particularly during high-traffic periods like Diwali, demonstrates the s

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