UPI transactions rise 27 per cent to 145 billion in first half of FY27

UPI transaction volumes in India have risen 27 percent to 145 billion in the first half of fiscal year 2027, while transaction value increased by 20 percent to Rs 177 lakh crore. From October 15, a 0.4 percent merchant discount rate (MDR) will apply to UPI payments over Rs 2,000 to merchants, exempting person-to-person payments and small merchants.

This Wire brief sits within Fusion42's coverage of Fintech, and 27 sources have reported it between 15 Sep 2026 and 5 Oct 2026.