UPI transactions rise 27% to 145 billion in H1 FY27 ahead of new MDR

🇮🇳 The Times of India (IN) —
UPI transactions rise 27% to 145 billion in H1 FY27 ahead of new MDR

AI Summary

India’s UPI system processed 145 billion transactions worth 177 lakh crore rupees in the first half of FY2027, representing 27% transaction growth. A new merchant discount rate is set to apply from October 15 to high-value transactions, while most everyday merchant payments will remain free.

UPI has recorded significant transaction growth, processing 145 billion transactions in the first half of the financial year. The value of these transactions increased to Rs 177 lakh crore, reflecting a notable rise. A new merchant discount rate will be introduced on October 15, applying to high-value UPI transactions. Most everyday merchant transactions will remain free, with certain services facing a flat fee structure.

Markets UPI digital payments India transaction growth merchant discount rate payment fees

Read original source →