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Fuelled by festive buying, the transaction through the popular Unified Payments Interface (UPI) touched a record high of Rs 27.28 lakh crore and 20.7 billion in value and volume terms, respectively, in October, according to data released by the National Payments Corporation of India (NPCI).

In terms of value, the last highest recorded was Rs 25.14 lakh crore in May, while in terms of volume, the last high was 20 billion in August. NPCI said the value of transactions was at Rs 27.28 lakh crore in October against Rs 23.49 lakh crore in the same month a year ago, registering a 16% growth on an annual basis.

On a month-on-month basis, the growth was 9.5% in terms of value. The UPI transaction i

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