BusinessUPI Transactions Decline 1.8% in September Before New MDR Fee
UPI transactions fell by 1.8% in September compared to August, with 2,407 crore transactions recorded versus 2,450 crore in August, according to RBI data. The transaction value also dropped 1.5% to Rs 29.37 lakh crore. The decline is partly due to September having one less day. IMPS saw 35.40 crore transactions worth Rs 7.05 lakh crore, while RTGS recorded 3.25 crore transactions.
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