UPI average daily transactions cross Rs 1 lakh crore for first time in October

New Delhi, Nov 1 (UNI) India's Unified Payments Interface (UPI) recorded a historic milestone in October, with its average daily transaction value crossing the Rs 1 lakh crore mark for the first time. The digital payments platform registered a cumulative transaction value of Rs 31.53 lakh crore during the month, supported partly by increased consumer spending during the festive season. According to data available with the National Payments Corporation of India (NPCI), UPI processed 25.47 billion transactions in October, translating into an average of nearly 821 million transactions every day. Both monthly transaction value and average daily transaction value touched…