UPI Hits Historic 20 Billion Transactions in August, Transactions Worth ₹24.85 Lakh Crore
In a major milestone for India’s digital economy, the Unified Payments Interface (UPI) recorded over 20 billion transactions in August 2025, its highest-ever monthly volume since launch, according to data released by the National Payments Corporation of India (NPCI). The surge marks a 34% year-on-year growth in transaction count and reflects the deepening role of […]
Finance Ministry: No MDR Charges Planned on UPI Transactions
The Finance Ministry has strongly dismissed rumours that the government is planning to impose Merchant Discount Rate (MDR) charges on UPI (Unified Payments Interface) transactions. In an official statement, the Ministry said that the speculation circulating online is “false, baseless, and misleading.” It warned that such claims create unnecessary fear, confusion, and mistrust among citizens. […]