Select UPI merchant transactions will incur a Merchant Discount Rate. However, transactions under two thousand rupees will remain free for small traders. A fixed fee of five rupees will limit the MDR ...

The 0.4% MDR on UPI merchant payments above Rs 2,000 may generate Rs 15,000-20,600 crore annually, but retailers and fuel ...

Starting 15 October, the Centre will monitor UPI merchant discount rate (MDR) charges daily to ensure banks and payment aggregators do not pass these costs onto consumers.

In a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Discount Rate won't necessarily encourage more cash transactions. He highlighted the intriguing ...

Sources say the government is weighing checks to ensure merchants do not pass the proposed UPI MDR cost on to consumers as ...

Tackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in ...

The new UPI MDR rule is set to take effect from October 15. Here’s what merchants need to know about the change.

The government is in talks with payment aggregators and platforms that onboard merchants to ensure the merchant discount rate (MDR) on UPI transactions is not passed on to consumers, Finance Ministry ...

Proposed 0.4% UPI MDR could cost India's FMCG sector ₹2,300 crore annually, prompting calls for B2B exemptions.

As UPI MDR rules change from October 15, 2026, consumers making higher-value payments may need to understand what is changing and why ...

A new charge on select UPI transactions has become a concern for traders in Delhi, particularly retailers whose bills ...