UPI, MDR & Digital Payments
Track the new UPI merchant discount rate, rollout, exceptions and impact on merchants.
Govt denies foreign pressure behind UPI MDR, says charge will help Indian UPI apps
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.
The HinduSEBI to hear broker and AMC concerns on MDR
Brokers face recurring crore-scale MDR costs on fund flows that don't generate trades, with SEBI's quarterly settlement rules compounding the impact.
The HinduComplex priorities: On UPI transactions, MDR charges
The government is moving to cap Merchant Discount Rate (MDR) on UPI transactions at 0.4%, with a hard ceiling of Rs 300 per transaction for tickets above Rs 75,000, according to an NPCI circular and The Hindu's editorial analysis. The measure, slated for rollout on October 15, aims to rein in reimbursement costs for corporate card spend while keeping small-merchant transactions affordable.
In graphs | Why private banks and foreign UPI apps stand to gain from the MDR charge
Only about 2.5% of UPI transactions by volume will be charged, but they account for roughly 20% of UPI value, potentially generating ₹2,400 crore per month in revenue.
The HinduCongress attacks UPI MDR move, says PM redefined NOTA through Trump-style appeasement
P2M UPI users above ₹2,000 threshold face 0.4% MDR; ₹20,000 Cr annual cost shifts to consumers
The HinduGovt Keeps UPI Up to Rs 2,000 and All RuPay Debit Free in New Gazette S.O. 5067(E)
Your kirana, auto and chai UPI up to Rs 2,000 stays free, but bigger UPI bills may soon carry around 0.4% MDR set by NPCI's steering committee.
The Hindu (Reuters)