GENERAL1 Oct 2026
UPI volume dips 1.8% in September ahead of MDR rollout on October 15
UPI payments fell to 24.07 billion transactions in September, down from August's record. Even so, volume was 23 per cent higher than last year, and average daily payments crossed 800 million for the first time, at a record value. If you run a business that accepts UPI, note that MDR, the merchant discount rate, starts on October 15.
Key Statutory Highlights
- Monthly UPI transactions fell to 24.07 billion in September from August's record.
- Average daily UPI payments crossed 800 million for the first time and hit a record value.
- September UPI volumes were 23 per cent higher and values 18 per cent higher than the same period last year.
Actionable Advice for Taxpayers / Founders:Speak to your bank or payment provider to understand how the MDR rollout from October 15 may affect your UPI collections, and budget for any extra cost. Treat this as a planning step, since the exact impact on your business is not yet known.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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