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New Delhi: The Unified Payments Interface ( UPI ) is witnessing a festive season boom, with the average daily transaction value in October jumping 13 per cent over September to reach Rs 94,000 crore, according to data from the National Payments Corporation of India (NPCI).

With more than a week still left in the month, UPI is on track to post its highest-ever monthly performance, driven by Diwali spending and recent GST rate cuts.

This marks one of the strongest month-on-month growth trends for UPI in the past few years.

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UPI, which powers nearly 85 per cent of all digital payments in

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