Transformative Changes Ahead for UPI: Government Set to Permit MDR for Large Merchants
Banks may soon monetize UPI transactions by charging large merchants a Merchant Discount Rate (MDR).
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Tag: NPCI
UPI Transactions Surge 4.4% in May, Reaching 18.68 Billion
UPI reached 18.68 billion transactions in May 2025, a 4.4% MoM increase from April's 17.89 billion.
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UPI Transactions Experience Slight Decline to 17.89 Billion in April
UPI registered 17.89 billion transactions in April, marking a 2.24% decline from March's 18.30 billion.
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UPI Transactions Experience an Impressive 13.6% Growth in March
UPI recorded 18.30 billion transactions in March, a 13.6% increase from February's 16.11 billion.
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Government Greenlights Incentives for UPI Transactions up to ₹2,000, PCI Chairman Voices Dissent
The Indian government approved a scheme to encourage small merchants to use digital payments via BHIM-UPI.
Read moreDetailsFebruary Sees Dip in UPI Transactions, Yet Year-on-Year Growth Persists
UPI recorded 16.11 billion transactions in February 2025, a 5.2% decline from January’s 16.99 billion.
Read moreDetailsPhonePe Celebrates 8 Billion UPI Transactions in January; WhatsApp Reclaims Spot in Top 10
UPI processed nearly 17 billion transactions in January, marking a 39% increase in volume year-on-year.
Read moreDetailsSurge in UPI Transactions: Approaching 17 Billion in January
The Growth of Unified Payments Interface (UPI)
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