Last Updated: 24 October 2025, 03:01 IST UPI Transactions: Transactions through Unified Payment Interface ie UPI has created a new record. The number of UPI transactions on Dhanteras crossed 75.4 billion and the total transaction amount reached Rs 1.02 lakh crore. UPI is a real-time payment system. UPI Transactions: People are using Unified Payment Interface i.e. UPI a lot in their daily tasks thereby creating new records. Finance Minister Nirmala Sitharaman said on Thursday (October 23) that transactions worth Rs 1.02 lakh crore took place through the UPI platform on October 18, i.e. Dhanteras, and the number of transactions during this period was 75.4 crore, which is the highest number of transactions in a day so far. The Finance Minister said that the average number of transactions on UPI during the 3 days from Dhanteras to Diwali was 73.69 crore, which was 64.74 crore in the same period last year. He further said Diwali was a blast for retail shoppers this year and the cut in GST rates led to an increase in consumption, giving the middle class an opportunity to do more shopping within their budget this festive season. The Finance Minister further said that there has been growth in both the large and premium segments of the market, from lab-grown diamonds to casual wear and home decoration products. The sales of goods in the festive season reached a record of Rs 5.40 lakh crore. According to industry body Confederation of All India Traders (CAIT), sales of goods in the festive season from Navratri to Diwali hit a record Rs 5.40 lakh crore. Reached Rs. During this period, services worth about Rs 65,000 crore were also purchased by the customers. Retail’s share is 85 percent, according to CAT Research and Trade Development Society, the research wing of CAT, which is 25 percent more than last year’s festive sales of Rs 4.25 lakh crore during the Navratri to Diwali period. It was said in the survey that the share of retail in this was 85 percent. Demand has also been good in the offline market. The reduction in GST rates in key consumer and retail categories such as confectionery, home decor, footwear, ready-made garments, consumer durables and daily use items has significantly improved price competition, leading to higher purchases. About the Author Vinay Kumar Jha has been working as a senior copy editor in News18Hindi for the last 8 years after starting his career in print media. Has been part of the business news team for almost 4 years. Has experience of about one and half decade in media. Bijan…read more After starting his career in print media, he has been working as a senior copy editor in News18Hindi for the last 8 years. Has been part of the business news team for almost 4 years. Has experience of about one and half decade in media. Bijan… Read more Click here to add News18 as your favorite news source on Google. Location: New Delhi, Delhi First Published: October 24, 2025, 03:01 IST home business UPI declines, transaction amount on Dhanteras crosses ₹ 1.02 lakh crore
UPI soars, sets new record on Dhanteras, transaction amount crosses ₹ 1.02 lakh crore
