Tag: UPI MDR

Govt denies foreign pressure behind UPI MDR, says charge will help Indian UPI apps

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Govt denies foreign pressure behind UPI MDR, says charge will help Indian UPI apps

For illustration | Photo Credit: The Hindu The introduction of the Merchant Discount Rate (MDR) will help more domestic payments companies to operate under UPI, contrary to the allegation that the charge has been introduced under external pressure, the government said on Thursday. The public sector National Payments Council of India (NPCI) on Wednesday announced…

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MDR on UPI: How are charges calculated per transaction?

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MDR on UPI: How are charges calculated per transaction?

The NCPI circular states that the new charge would be applicable only for person-to-merchant UPI transactions. The National Payments Corporation of India (NCPI) has introduced a Merchant Discount Rate (MDR) of 0.4% that merchants will have to pay to banks and payment processors on UPI transactions over ₹2,000. The NCPI circular, issued on September 15,…

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Who has to pay MDR on UPI and who stands to gain the most? | Explained

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Who has to pay MDR on UPI and who stands to gain the most? | Explained

The story so far: After much speculation and debate, the National Payments Corporation of India (NPCI) has finally released its circular about the additional charges it will allow to be levied on certain UPI payments from October 15, 2026. While the Opposition has argued that this charge will increase prices for consumers, the government has…

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Govt mulls MDR charge or ‘tiered incentives’ to make UPI financially self-sustaining

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Govt mulls MDR charge or ‘tiered incentives’ to make UPI financially self-sustaining

Image used for representational purposes only. | Photo Credit: The Hindu The current UPI framework appears financially unsustainable and risks undermining critical investments in cybersecurity, fraud prevention and network infrastructure, due to inadequate subsidies, the Standing Committee on Finance told Parliament on Wednesday. In response, the government said it was currently looking at two ways…

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