Pre-MDR Jitters? UPI Transaction Volume Dips Nearly 2% In September
UPI transaction volume fell 1.8% in September, processing 24.07 billion transactions worth ₹29.37 lakh crore, down from August's record. Despite the decline, daily transactions rose to an average of 802 million, reflecting a 4% increase from August. The new Merchant Discount Rate framework will take effect on October 15, impacting payments over ₹2,000.