UPI transactions rise 27% to 145 billion in H1 FY27 ahead of new MDR

UPI has recorded significant transaction growth, processing 145 billion transactions in the first half of the financial year. The value of these transactions increased to Rs 177 lakh crore, reflecting a notable rise. A new merchant discount rate will be introduced on October 15, applying to high-value UPI transactions. Most everyday merchant transactions will remain free, with certain services facing a flat fee structure.