UPI volume jumps 32% on Diwali, NPCI data shows
In short
UPI transactions jumped 32% in volume on Diwali, according to NPCI data.
Volume rose to 916.9 million on November 8 from 695.7 million last year. Transaction value also rose to Rs 90,029.43 crore, with a day before Diwali at 975.8 million transactions worth Rs 1,36,118 crore.
What the reporting says
UPI transactions jumped 32% in volume on Diwali, according to data released by the National Payments Corporation of India. Volume rose to 916.9 million on November 8 from 695.7 million a year earlier, while value increased to Rs 90,029.43 crore from Rs 88,350.79 crore. The surge was driven by last-minute festival buying, and a day before Diwali volume had reached 975.8 million.
Why it matters
NPCI data showed a strong Diwali spike in UPI activity, with volume rising to 916.9 million transactions on November 8 from 695.7 million a year earlier. Value also increased to Rs 90,029.43 crore from Rs 88,350.79 crore. The move reflects heavier festival spending and is relevant to digital payments, consumer activity and retail transactions.