UPI usage stays firm in September despite MDR backlash
In short
UPI handled an average of 802 million transactions a day in September, about 1% more than August. Transaction value also stayed strong, even after backlash over new MDR rules.
This matters because it shows digital payments demand did not weaken much. The story does not say the exact transaction value or how the MDR issue will be settled.
What the reporting says
UPI processed an average 802 million transactions a day in September, up about 1% from August, while transaction value also stayed firm despite backlash over new MDR norms. The source does not state the exact value figure or the details of the backlash. The immediate result is that usage held up even as policy concerns around merchant discount rates remained unresolved.
Why it matters
UPI usage held steady in September, with an average of 802 million transactions a day, about 1% higher than August. Transaction value also remained firm despite backlash over new MDR norms. That points to continued heavy usage of India’s payments rail, but the reporting does not provide the value number or say whether the policy dispute will affect future volumes.