UPI transactions surge by 32 per cent due to last-minute Diwali shopping
As per NPCI data, the number of transactions reached 916.9 million on November 8
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
11 November 2026, 2:10 am · 2 min read
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A 32 per cent increase in the volume of transactions through the Unified Payments Interface (UPI) has been observed due to last-minute shopping during the Diwali festival. According to figures released by the National Payments Corporation of India (NPCI), the number of UPI transactions was recorded at 916.9 million on November 8, compared to 695.7 million on the same day last year.
In terms of value, UPI transactions on November 8 rose to ₹90,029.43 crore, up from ₹88,350.79 crore last year. One day before Diwali, the transaction volume was 975.8 million, resulting in the transfer of ₹1,36,118 crore.
According to a Business Standard report, supported by festive shopping, UPI transactions reached 25.47 billion throughout the month of October, while in terms of value, it was ₹31.53 lakh crore. UPI is now accepted in 11 countries, with Uzbekistan being the latest entry. Other countries include Singapore, United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar, Sri Lanka, Cambodia, and Greece.
Launched on August 25, 2016, UPI has transformed India's digital payments landscape. The transaction value was ₹0.07 lakh crore in financial year 17, which has increased to approximately ₹314 lakh crore by financial year 26, showing an increase of more than 4,000 times in a decade.
UPI was an Indian instant payment system and protocol developed by NPCI on April 11, 2016. This interface provided the facility for peer-to-peer (P2P) and person-to-merchant (P2M) transactions between banks. It was used on mobile devices to transfer funds instantly between two bank accounts using a unique UPI ID. It operated as an open source API on the Immediate Payment Service (IMPS) and was regulated by the RBI.
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