BusinessSmall UPI Transactions Below ₹500 Dominate Spending Patterns
Eighty-six percent of UPI person-to-merchant transactions are under ₹500, making small, frequent spends the main factor shrinking bank balances rather than large purchases. Despite speculation about a 0.4% Merchant Discount Rate on transactions above ₹2,000, average UPI payments remain small. Combined with buy-now-pay-later and digital credit options, these fragmented expenses significantly add up monthly.
HT Business·2h ago




