The record-breaking UPI performance in September, with a 31% year-on-year growth in transaction volumes and a 21% rise in value to nearly ₹25 lakh crore, underscores the depth of India’s digital payments transformation. The daily average of over INR 82,991 crore highlights how UPI has become a backbone for both consumers and businesses, powering everything from small daily purchases to large-scale commerce.

What makes this growth remarkable is its consistency. Month after month, UPI continues to set new benchmarks, proving not just its scalability but also the trust it commands across diverse segments of society. This momentum reflects a broader shift in financial behavior, where digital payments are no longer a convenience but a necessity woven into everyday life.

For Small merchants, gig workers, and rural customers, digital payments are building pathways to greater financial inclusion and resilience across the country. UPI’s expansion is not just a story of numbers, it is a story of empowerment, trust, and opportunity. With thoughtful regulation and continued innovation, India’s payments ecosystem is well on its way to becoming a global model for inclusive digital finance.

Dilip Modi, Founder & CEO of Spice Money