Wire · operational-macro
UPI transaction value rises 20% to Rs 177 lakh crore in H1 FY27 ahead of new MDR regime
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Fusion42 · 3 October 2026 · Fusion42 review
The value of UPI transactions in India rose by 20% to Rs 177 lakh crore in the first half of fiscal year 2027, just before the implementation of a new merchant discount rate regime.
This Wire brief sits within Fusion42's coverage of Fintech, and 27 sources have reported it between 15 Sep 2026 and 5 Oct 2026.
◆ ◆ The Wire takeaway
UPI payment firms in India face a new fee structure that could reshape merchant costs and customer uptake. You need to reprice or adjust your merchant engagement strategies immediately.
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27 sources · first reported 15 Sep 2026 · latest 5 Oct 2026
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