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SBI Announces Zero MDR On UPI QR Payments Up To ₹1 Lakh, Know - Who Is Eligible & What It Means For Small Merchants?

SBI Announces Zero MDR On UPI QR Payments Up To ₹1 Lakh, Know - Who Is Eligible & What It Means For Small Merchants?
Photo: Free Press Journal · view original

Mumbai: State Bank of India (SBI), the country's largest public sector lender, has announced that eligible small merchants can continue to receive UPI payments through QR codes without paying Merchant Discount Rate (MDR) charges, provided their monthly receipts remain within Rs 1 lakh. With SBI...

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