Development · 18 Sep 2026
3 publishers have reported this development. Each act of reporting is below, cited.
A member of the National Traders' Welfare Board has urged the Centre to withdraw the newly introduced 0.4% Merchant Discount Rate on higher-value UPI merchant transactions.
The National Payments Corporation of India has proposed a Merchant Discount Rate of 0.02 percent on certain UPI transactions related to capital markets from October 15, 2026.
The National Payments Corporation of India will impose an MDR of 0.4% on eligible person-to-merchant UPI transactions above Rs 2,000 from October 15.
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