Finance ❯ Digital Payments ❯ Unified Payments Interface (UPI)

Merchant Discount Rate (MDR)

Impact on Transactions Transaction Fees 0.4% fee on UPI transactions above Rs 2,000 0.4% MDR on P2M UPI payments above ₹2,000 Legislation Legislative Changes Transaction Costs Regulatory Framework Transaction Volume Transaction Statistics

8 ARTICLES

2mo ago

India Removes Legal Ban on UPI Merchant Fees

The amendment empowers the NPCI-led steering committee to weigh a limited merchant discount rate as a way to fund UPI's rising infrastructure and security costs.

28 ARTICLES

last yr.

India’s Finance Ministry Denies Merchant Fee on UPI Payments