NPCI sets 0.4% MDR on UPI above Rs 2,000, caps fee at Rs 300 for Rs 75,000 and higher transactions
The National Payments Corporation of India (NPCI) has introduced a0.4% Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions above Rs 2,000. The new framework will take effect fromOctober 15, 2026. For transactions ofRs 75,000 and above, the MDR will be capped at Rs 300 pe
Source: Entrackr