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UPI Daily Transactions Soar Past 800 Million for First Time in September
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CNBC TV18•01-10-2026, 10:52
UPI Daily Transactions Soar Past 800 Million for First Time in September
- •India's UPI processed 24.07 billion transactions worth ’29.37 lakh crore in September, with average daily transactions exceeding 800 million for the first time.
- •Despite lower monthly totals than August, September's daily average transactions and value reached record levels, indicating higher average transaction values.
- •Industry experts attribute the surge to the beginning of the festive season, with Ganesh Chaturthi driving initial spending.
- •The growth also reflects increasing adoption of digital payments in smaller towns, rural communities, and among neighborhood merchants.
- •Upcoming festive sales and new payment options like credit on UPI and EMI on UPI are expected to further boost transaction volumes and values.
Key Questions Answered
In September 2026, India's Unified Payments Interface (UPI) processed 24.07 billion transactions worth a total of ₹29.37 lakh crore.
Average daily UPI transactions crossed the 800-million mark for the first time, processing around 802 million transactions worth nearly ₹97,913 crore per day at record levels.
The new UPI merchant discount rate (MDR) framework is set to be implemented starting October 15, introducing an MDR on certain person-to-merchant transactions above ₹2,000 while exempting smaller transactions.
