Explore the latest news, in-depth reports, and executive analysis tagged with #Merchants.
NPCI's November 11 circular links a new small merchant incentive scheme to UPI MDR implementation, signalling that the rollout could be close.
The total value of merchant category-wise purchases through the Unified Payments Interface (UPI) increased to Rs 8.72 lakh crore across 14,721.30 million transactions in May 2026.
UPI transactions across merchant categories witnessed a marginal decline in April 2026, with the total transaction volume slipping month-on-month to 14,110.22 million from 14,180.46 million in March.
Digital gold purchase via the UPI increased to Rs 3,926.47 crore in January as compared to Rs 2,079.31 crore in December.
Credit card bill payments via UPI during the month was at Rs 86,990.51 crore across 58.15 million transactions.
PhonePe partners with SIDBI to facilitate credit access to micro merchants through digital lending solutions integrated with Udyam Assist platform.
Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.
P2P transactions on UPI shall continue to be capped at Rs 1 lakh.
