UPI Transactions Plummet as Daily Payments Break Records

Listen up! UPI transactions dropped 1.8% to 24.07 billion in September, all thanks to the absurd MDR nonsense coming on October 15. But wait, daily payments soared to a record 802 million, totaling ₹97,913 crore! It's like a festive frenzy! Don't sweat it, UPI is still cheaper than cards. Get your act together, people!

Quick rundown

1.UPI transactions saw a slight dip in September due to MDR concerns.

2.Daily UPI payments hit a record high during the festive season.

3.MDR will apply to select UPI transactions starting October 15.

4.P2P UPI transactions remain fee-free, keeping it consumer-friendly.

5.Digital payments are expected to surge with the ongoing festive season.

UPI Transactions Par Charges Ka Kya Hoga? Jethalal Ki Soch!
UPI Transactions Par Charges Ka Kya Hoga? Jethalal Ki Soch!
Arre bhai, suno! Ek panel hai, banks wale, jo decide karne wale hain ki UPI transactions par kya charge lagana hai, samjhe? 2000 se upar ki baatein ho rahi hain! Brazil aur China ki tarah, humare bhi kuch rules honge. UPI toh free hai, lekin kabhi kabhi kuch merchants ko thoda charge milega. Daya ki tarah, sab free chahiye, lekin kuch toh hoga na! Babita ji, dekho kya hota hai!
11:05 am on Tuesday, 15 September, 2026
No Foreign Nonsense: UPI Payments Get 0.4% Discount Rate
No Foreign Nonsense: UPI Payments Get 0.4% Discount Rate
Listen up, you lot! The finance ministry just blasted the idea that foreign powers are pulling strings on UPI payments. Starting October 15, a 0.4% Merchant Discount Rate on transactions over ₹2,000 is rolling out, and it’s not a tax! This is about fortifying our payment system and backing small businesses. No nonsense here, just pure Indian grit!
01:55 pm on Wednesday, 16 September, 2026
Survey Reveals Merchants Not Fans of 0.4% UPI Fee
Survey Reveals Merchants Not Fans of 0.4% UPI Fee
Hey, listen up! Only 17% of merchants are ready to cough up a 0.4% fee on UPI payments over ₹2,000, according to a LocalCircles survey. With over 32,000 responses, it’s like asking them to pay for extra cheese on a pizza — not happening! Everyone wants to keep their dough rolling without those pesky fees, capisce?
06:05 pm on Tuesday, 15 September, 2026
RBI Says No Fees for You, Just a Little for Merchants!
RBI Says No Fees for You, Just a Little for Merchants!
Hey there! The RBI is saying, 'Hey, we need a little dough for big UPI transactions!' Starting now, there’s a 0.4% fee for payments over ₹2,000, but don’t sweat it! If you’re under that, it’s free, like a slice of pizza! They want to keep UPI safe and fun, just like me at a party! Let's keep those digital payments rolling, folks!
04:25 am on Wednesday, 16 September, 2026
UPI MDR Charges: Jethalal Ki Hilarious Confusion Aur Khush Khabar
UPI MDR Charges: Jethalal Ki Hilarious Confusion Aur Khush Khabar
Arre bhai, suno! UPI pe 0.4% ka MDR aa gaya hai, samjhe? Lekin ₹2000 tak ka transaction free hai! ₹75,000 se zyada pe sirf ₹300 charge. Dosto ko paisa bhejne ka koi charge nahi, samjhe? QR code se chai-pani bhi free hai! Toh bhai, sab kuch sahi hai, bas thoda samajh lo, nahi toh Daya ka gussa na bhool jaana!
05:40 am on Wednesday, 16 September, 2026

Series

View All

Cricket

West Indies tour of India

Australia tour of South Africa

World Championship of Legends

Asian Games in Japan Men's