UPI Transactions Dip 2% MoM To 24.07 Bn In September
Amid ongoing debate over the future of UPI post the introduction of MDR, UPI transaction volumes for the month of…
In September, the number of UPI transactions declined slightly compared to the previous month, according to data from the National Payments Corporation of India (NPCI). While the volume of transactions processed fell nearly 1.8% month-on-month (MoM) to 24.07 billion, the value of these transactions also decreased by 1.5% to ₹29.37 lakh crore.
Despite this decline in transaction volume, the total monthly transactions for September increased by 23% year-over-year (YoY), while transaction value grew by 18%. This is slightly higher than the 22% YoY jump recorded in August. The average number of transactions processed per day in September was 802 million, up from 791 million in August, and the average daily transaction value also increased to ₹97,913 crore from ₹96,205 crore the previous month.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
