UPI registers its strongest October yet, with transaction volumes crossing 25 billion for the first time and average daily transaction value rising above ₹1 lakh crore. Multiple outlets cite October performance data from the National Payments Corporation of India (NPCI), describing continued momentum through the festive season as consumer spending and merchant activity increase.
Coverage also highlights that the Merchant Discount Rate (MDR) debate is still in the background. One report notes NPCI defers the MDR rollout on select UPI merchant transactions until after Diwali, keeping the festive period in mind. The same source outlines the earlier planned start date and the proposed MDR approach, including flat and percentage charges for certain transactions.
Across the articles, the main emphasis varies: some focus on the milestone in transaction counts and daily value, while others add more of the surrounding policy context by detailing MDR timing and the structure of the proposed charges. Both frame the October growth as resilient despite regulatory uncertainty.
