UPI Payments Above ₹2,000 to Attract MDR From October 15: What Changes for Customers and Merchants
India’s Unified Payments Interface (UPI) is set for its biggest pricing change in years, with a new Merchant Discount Rate (MDR) framework coming into effect from 15 October 2026. Under the revised system, specified person-to-merchant UPI payments above ₹2,000 will attract an MDR of 0.4 per cent, while millions of everyday low-value transactions and eligible […]
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