UPI transactions above Rs 2,000 to attract 0.4% MDR; check key details
September 15, 2026
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NPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions exceeding Rs 2,000, with a cap. This move aims to create a sustainable commercial model for the UPI ecosystem. Most everyd
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