Today's top P2P PROCESSING news 👇
1️⃣September UPI numbers — a new record. According to NPCI data, UPI processed 24.07 billion transactions in September worth ₹29.37 lakh crore, with the daily average exceeding 800 million transactions for the first time (802M/day). The slight decline compared to the previous month is due to September having one fewer day, while volume increased 23% year-on-year. Demand remains strong — and the festive season has already begun.
2️⃣ 8 days until MDR is introduced — merchants are pushing back. From 15 October, a 0.4% MDR will apply to P2M UPI payments above ₹2,000. In a survey of 32,796 merchants across 242 districts, only 17% are willing to absorb the charge, while 41% are unwilling to pay it. Under pressure, some banks may waive their share — Indian Bank is considering absorbing its 0.28% portion. P2P transfers and payments up to ₹2,000 remain free.
3️⃣Mule-account rules are becoming stricter. According to the draft amendments to RBI's KYC rules, AI/ML tools will identify suspicious transactions above ₹1,000, after which the bank must immediately place a debit hold and notify the account holder the same day or the following day. The changes are scheduled to take effect on 1 April 2027. Clean accounts and a proper payment flow are what help maintain security.
Hinglish
📰 P2P PROCESSING INDIA DAILY NEWS🇮🇳
Aaj ki top P2P PROCESSING news 👇
1️⃣ September UPI numbers — ek naya record. NPCI ke data ke anusaar, September mein UPI ne 24.07 billion transactions process kiye, jinki total value ₹29.37 lakh crore rahi, aur daily average pehli baar 800 million transactions se zyada raha (802M/day). Pichhle mahine ki tulna mein halki girawat isliye hui kyunki September mein ek din kam tha, jabki volume mein year-on-year 23% ki badhotri hui. Demand abhi bhi strong hai — aur festive season pehle hi shuru ho chuka hai.
2️⃣ MDR introduce hone mein 8 din baaki — merchants push back kar rahe hain. 15 October se ₹2,000 se zyada ke P2M UPI payments par 0.4% MDR apply hoga. 242 districts mein 32,796 merchants ke survey mein sirf 17% is charge ko absorb karne ke liye tayyar hain, jabki 41% pay karne ke liye tayyar nahi hain. Pressure ke beech, kuch banks apna share waive kar sakte hain — Indian Bank apne 0.28% portion ko absorb karne par vichar kar raha hai. P2P transfers aur ₹2,000 tak ke payments free rahenge.
3️⃣ Mule-account rules aur strict ho rahe hain. RBI ke KYC rules mein proposed amendments ke anusaar, AI/ML tools ₹1,000 se zyada ke suspicious transactions identify karenge, jiske baad bank ko turant debit hold lagana hoga aur usi din ya agle din account holder ko notify karna hoga. Ye changes 1 April 2027 se effect mein aane wale hain. Clean accounts aur proper payment flow hi security maintain karne mein madad karte hain.
P2P