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Retail Traders Retreat: Trading UPI Plummets 5 Months Straight! Is Market Fear Back?

Economy

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Published on 21st November 2025, 8:58 AM

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Author

Simar Singh | Whalesbook News Team

Overview

UPI transactions linked to securities platforms and brokerages have contracted for the fifth consecutive month, falling 8.6% year-on-year in October. This sustained decline is attributed to heightened equity market volatility and risk-off sentiment among retail traders. Despite this, broader digital payments and festive season consumption showed strong acceleration across various sectors, and overall UPI volumes climbed significantly.