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Data● Neutral for Indian equities
UPI transactions ease 1.8% to 24.07 billion in September
The brief
- Monthly transactions fell to 24.07 billion from August's record
- Average daily payments topped 800 million for the first time, reaching a record value
- Payment processors and fintech firms may see transaction growth moderate; NPCI-linked payment businesses are exposed
- SBI MD Rama Mohan Rao Amara says bank passes on Apple Pay, backs UPI MDR to offset costs
- Canara Bank CEO estimates ₹450 crore from MDR on UPI
- From UPI MDR to tax audit deadline: 5 key money changes from October that you should know about
- Consumer dept preps guardrails as UPI fee set to kick in
- Indian Bank contemplates waiving acquiring bank charges for UPI MDR
UPI transactions in September
UPI processed 24.07 billion transactions worth ₹29.37 lakh crore in September, with festive demand pushing average daily transactions above 800 million for the first time.
Thursday, 1 October
- UPI transactions ease 1.8% to 24.07 billion in September