UPI MDR from October 15: Who pays, who is exempt? PhonePe CEO explains
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The government has announced a Merchant Discount Rate (MDR) on certain UPI transactions, with a charge of up to 0.40 per cent on payments above Rs 2,000. The new framework is set to come into effect from October 15, 2026.
The government has announced a Merchant Discount Rate (MDR) on certain UPI transactions, with a charge of up to 0.40 per cent on payments above Rs 2,000. The new framework is set to come into effect from October 15, 2026.
The announcement has raised questions among UPI users and merchants about who will actually bear the cost and whether customers will have to pay extra for using UPI.
Original Source
https://www.indiatoday.in/business/story/upi-charge-confusion-mdr-from-october-15-who-pays-who-is-exempt-phonepe-ceo-sameer-nigam-explains-every-detail-2996366-2026-09-16?utm_source=rss
