DevInc42about 2 hours ago
UPI September Volume Dips 2% To 24.07 Bn
5 min read
UPI processed 24.07 Bn transactions in September, down 1.8% from August's record 24.51 Bn, while value fell 1.5% to ₹29.37 Lakh Cr. The dip comes as India's new merchant discount rate framework takes effect October 15, charging 0.4% on eligible person-to-merchant payments above ₹2,000, a change merchants oppose but payment firms welcome.
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