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DFS rejected US influence claims on 17 September, saying the new MDR on high-value UPI will let Indian payment firms compete — not surrender to foreign card networks.
0.4% MDR from 15 Oct on P2M above ₹2,000; ₹300 cap; ₹5 essential services; 0.02% capital markets; ₹1 lakh QR merchants exempt.
SEBI Chairperson says regulator will examine broker and AMC concerns on the new UPI MDR framework taking effect October 15, with Zerodha's Kamath proposing a ₹5-10 broking cap.
Redseer projects $90Bn+ CY26 online retail market with 22-24% growth, quick commerce MTU surging 8M to 60M
Complex priorities: On UPI transactions, MDR charges The government is moving to cap Merchant Discount Rate (MDR) on UPI transactions at 0.4%,…
The government is moving to cap Merchant Discount Rate (MDR) on UPI transactions at 0.4%, with…
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From October 15, 2026, a 0.4% MDR hits large UPI payments, but only 2.5% of transactions by volume. The fee reshuffles who…
Only about 2.5% of UPI transactions by volume will be charged, but they account for roughly…
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Congress accuses PM Modi of redefining NOTA via Trump-style appeasement as UPI MDR revision — 0.4% above ₹2,000, ₹300 cap at ≥₹75,000…
P2M UPI users above ₹2,000 threshold face 0.4% MDR; ₹20,000 Cr annual cost shifts to consumers
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The rupee slipped 3 paise to 95.91 against the dollar in early trade, continuing weakness from Tuesday's 95.95 close.
Import costs and forex portfolios face marginal pressure; RBI intervention caps further downside.
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NPCI caps MDR at ₹300 above ₹75,000.
Merchants pay at most ₹300 on large UPI orders.
Finance Ministry's 14 Sep notification under Section 10A protects everyday UPI and RuPay swipes from charges, but clears the path for MDR…
Your kirana, auto and chai UPI up to Rs 2,000 stays free, but bigger UPI bills…