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UPI MDR Explained: Are Two In Three Shoppers Paying Over ₹2,000, Will Purchases Get Costlier?

UPI MDR Explained: Are Two In Three Shoppers Paying Over ₹2,000, Will Purchases Get Costlier?
Photo: Free Press Journal · view original

Mumbai: The government announced an important change to the Unified Payments Interface framework on Tuesday, September 15. Under the new rules, merchants will have to pay a Merchant Discount Rate of 0.4 percent on specified UPI payments above Rs 2,000. The announcement triggered concerns over whe...

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