Economy · India

UPI Transactions Surge Past 25 Billion, Daily Value Exceeds Rs 1 Lakh Crore

Unified Payments Interface (UPI) transactions surpassed 25 billion in October, marking a new record. Concurrently, the average daily transaction value exceeded Rs 1 lakh crore for the first time. This growth in digital payments occurred amidst ongoing discussions regarding the implementation of merchant discount rate (MDR) charges.

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