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Data▲ Bullish for Indian equities

UPI volume rises 27% to touch 145 billion in first half of FY27

1 source · first seen 20:39 2 Oct · updated 20:39 2 Oct

The brief

Written from 1 report · check the source before you trade
  • UPI volume rose 27% to 145 billion in the first half of FY27
  • Volume was 114 billion in April-September of the previous financial year
  • Rising digital payments activity puts Indian fintech and payment companies in focus

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  1. 1 OctBanks shut for Gandhi Jayanti on October 2; digital services and ATMs remain availablePolicy · 4 sources · Bank branches across India will be closed on Friday, October 2
  2. 1 OctIndian Bank may waive 0.28% MDR on UPI transactionsPolicy · 2 sources · Indian Bank is considering waiving the 0.28% MDR on UPI transactions
  3. 30 SeptUPI usage holds steady in September despite backlash over new MDR normsData · 2 sources · UPI averaged 802 million transactions a day in September, up about 1% from August
  4. 30 SeptAIMRA announces nationwide 'No UPI Day' on October 2 to protest against proposed MDR for UPI transactions3 sources · AIMRA plans a nationwide “No UPI Day” on October 2 to protest the proposed MDR
  5. 30 SeptApple Pay enters India with Axis Bank, targeting card usage and broader partnershipsExpansion · 2 sources · Axis Bank is Apple Pay’s first partner in India
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Read the reports

1 report · earliest 20:39
Economic TimesUPI volume rises 27% to touch 145 billion in first half of FY2720:39