Context note · Update · UPI

UPI description updated

A context note, not a material change.

Everything below is shown as it was recorded, not as a current fact. The current record for UPI is on its system page.

Unified Payments Interface - India's dominant instant payment system, operated by NPCI (National Payments Corporation of India). VPA (Virtual Payment Address) based. Supports P2P, P2M, bill payments, and IPO subscriptions.

Subject: UPI · India · NPCI
Timing (as recorded): Stored date 15 Sep 2026; precision not reviewed
Recorded by ClearingPost: 17 Sep 2026 · announced by the source 17 Sep 2026
Record state (as recorded): completed · context
Source: Merchant Discount Rate (MDR) on Select UPI (P2M) Transactions - Frequently Asked Questions

Recorded together from the same source

UPI transaction limit recorded
UPI intelligence note updated
UPI headline volume increased to 24.51B monthly TX (August 2026), 241.6B total (FY2025-26)23.20B monthly TX (May 2026 record), 241.6B total (FY2025-26) → 24.51B monthly TX (August 2026), 241.6B total (FY2025-26)

Record chg-2026-09-17-upi-desc-e5060eda. A recorded date is the day ClearingPost stored the row, not proof that the source was re-checked on that day.