English
NPCI announces MDR for UPI; merchant transactions above Rs 2,000 to attract 0.4% charge
The National Payments Corporation of India (NPCI) announced a new Merchant Discount Rate (MDR) structure for UPI transactions, granting a zero‑MDR to person‑to‑person merchant (P2PM) users. Transactions above Rs 2,000 for other merchants will be levied a 0.4% charge.
ET Tech & Digital India
15 Sept 2026
NPCIUPIMDR
