UPI Records Highest Single-Day Payments of Rs 1.02 Lakh Crore on Oct 18

Finance Minister Nirmala Sitharaman highlighted on Thursday that the Unified Payments Interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts.

During the three days between Dhanteras and Diwali, the average



UPI volumes stood at 736.9 million — higher than 647.46 million in the corresponding period a month ago, the Finance Minister said.

“It has been a cracker of a Diwali for retailers this year as GST rate cuts have boosted consumption, enabling the middle class to add more items to their shopping bags this festive season,” she observed.