UPI MDR: What the new fee means for payment ecosystem revenue
India’s Unified Payments Interface (UPI) is moving to a differentiated pricing framework for certain merchant transactions, bringing the economics of the payment ecosystem into sharper focus after years of zero MDR. From October 15, a 0.4% Merchant Discount Rate (MDR) will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of…
