NDTV·2 min read·medium
UPI Merchant Charges Above Rs 2,000 To Be Implemented After Diwali
✦AI Summary
The Indian government plans to implement merchant charges on UPI transactions exceeding Rs 2,000 following the Diwali festival. This Merchant Discount Rate (MDR) is intended to support the massive infrastructure costs required to maintain the UPI network.
Why it matters
This represents a significant shift in the cost structure of India's widely used digital payment ecosystem, potentially impacting both merchants and consumers.
Big Change For UPI Users: According to the Centre, the proposed MDR…
Also covering this story
2 other newsrooms covered this event. We read each version separately.
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