BusinessUPI Transactions Fall 1.8% in September Ahead of MDR Launch
UPI transactions dropped 1.8% to 24.07 billion in September from 24.51 billion in August, ahead of the merchant discount rate (MDR) rollout on October 15. Transaction value also declined 1.5% to ₹29.37 trillion. Despite this, daily UPI payments hit a record 802 million worth ₹97,913 crore, boosted by the festive season, according to NPCI data and Cashfree co-founder Reeju Datta.
Business Standard·3h ago

