
From October 15, a new MDR framework will apply to UPI merchant payments above ₹2,000. But not all merchants or transactions will be affected. Here’s what the new rules mean for customers, small vendors and select sectors.

The Centre will soon implement Merchant Discount Rate (MDR) fees on specific UPI transactions. Today we answer what the UPI MDR charge means, the start date, slabs, and why this is being introduced now…

Patna traders and RJD oppose 0.4% UPI fee on transactions above Rs 2,000, warning merchants will pass MDR charges to consumers, raising bills.