Finance · India
UPI Transactions Surge 27% to 145 Billion in H1 FY27, New MDR Set to Launch
Owlester AI · from 1 source ·
UPI transactions in India have risen by 27% to 145 billion in the first half of FY27, despite a marginal decline in September. The value of these transactions increased by 20% to Rs 177 lakh crore. A new merchant discount rate (MDR) will be implemented from October 15, 2026, affecting high-value UPI transactions above Rs 2,000. The MDR aims to create a sustainable revenue model for the digital payments ecosystem, with the collected fees distributed across various stakeholders.