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"upi-merchant-payments"
India’s digital merchant payments rise 19.6% to Rs 11.73 lakh crore in July
Digital payments to merchants in India rose 19.6 per cent year-on-year to Rs 11.73 lakh crore in July 2026, driven by UPI and credit card spending. UPI-P2M accounted for 77.3 per cent of total merchant payments during the month
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