UPI crosses 25-billion transactions for first time in Oct despite MDR debate; daily value tops Rs 1 lakh crore
The Times Of Indiavia NewsData.io
In October, UPI transactions soared beyond 25 billion, showcasing remarkable growth in digital payments. For the first time ever, the average daily transaction value topped Rs 1 lakh crore, driven by the festive season and elevated consumer spending. Despite concerns over MDR charges, UPI usage remained strong, with analysts predicting ongoing growth in the transactions as the festive season continues.
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