Digital Payments

UPI’s Record all-time July 2025: Transactions Soar to 19.47 Billion

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UPI’s Record all-time July 2025: Transactions Soar to 19.47 Billion

UPI’s Record-Breaking July 2025 The Unified Payments Interface (UPI) hit a new high in July 2025, processing 19.47 billion transactions worth ₹25.08 lakh crore. This milestone, according to the National Payments Corporation of India (NPCI), shows a significant jump in digital payment adoption. Key Highlights from the Data: Dilip Modi, Founder & CEO of Spice … Read more

No MDR on UPI: India’s Finance Ministry Debunks “False” Reports

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No MDR on UPI: India’s Finance Ministry Debunks “False” Reports

The Indian Finance Ministry has firmly denied recent reports claiming the government plans to impose a Merchant Discount Rate (MDR) on UPI transactions, calling them “completely false, baseless, and misleading.” The ministry emphasized its continued commitment to promoting digital payments through UPI. Understanding the Backstory The rebuttal comes after media speculation suggested an MDR might … Read more