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UPI Transactions Dip 1.8% in September, Value Down 1.5%
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News18•01-10-2026, 20:00
UPI Transactions Dip 1.8% in September, Value Down 1.5%
- •UPI transactions decreased by 1.8% in September compared to August, totaling 2,407 crore transactions.
- •The overall value of UPI transactions also saw a 1.50% decline, reaching Rs 29.37 lakh crore in September.
- •Industry experts attribute the decline partly to September having fewer days (30) than August (31).
- •Despite the monthly dip, the average daily transactions in September were higher at 802 million, compared to 791 million in August.
- •The figures precede the implementation of a new merchant discount rate (MDR) fee on high-value UPI payments for merchants.
Key Questions Answered
UPI transaction volumes declined by 1.8 per cent in September, dropping to 2,407 crore transactions from 2,450 crore transactions in August.
The overall value of UPI transactions decreased by 1.50 per cent to Rs 29.37 lakh crore in September, down from Rs 29.82 lakh crore in August.
Industry watchers attributed the monthly decline to the fact that August has 31 days compared to September's 30 days, noting that average daily transactions were actually higher in September at 802 million.
