UPI average daily transaction value tops ₹1 trillion in October
In short
UPI’s average daily transaction value crossed ₹1 trillion in October. Festive spending helped push total usage to 25.47 billion transactions worth ₹31.53 trillion.
This matters for shoppers, merchants, and payments companies because it shows heavy digital payment activity. The report does not say whether the proposed merchant discount rate will change or when that may happen.
What the reporting says
UPI average daily transaction value crossed ₹1 trillion in October, with festive spending lifting usage to 25.47 billion transactions worth ₹31.53 trillion. The report says the surge came during the month, while the proposed merchant discount rate remains under discussion. What is not stated is whether the higher volume changed fees, merchant costs, or the outlook for payments growth.
Why it matters
UPI average daily transaction value crossed ₹1 trillion in October, helped by festive spending that lifted overall activity to 25.47 billion transactions worth ₹31.53 trillion. The report also says the proposed merchant discount rate remains in focus. That could matter for merchants, payment firms, and the broader digital payments ecosystem, but the available reporting does not say if any pricing or policy change is imminent.