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Wire · operational-macro

UPI transaction value rises 20% to Rs 177 lakh crore in H1 FY27 ahead of new MDR regime

Published

3 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at thestatesman.com →

◆ Verified

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.

◆ Coverage

27 sources · first reported 15 Sep 2026 · latest 5 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupitransaction-growthindiamdrpaymentsregulation