UPI MDR 2026: What the New 0.4% Charge on Payments Above ₹2,000 Actually Means for Your Business
From October 15, 2026, NPCI is charging a 0.4% Merchant Discount Rate (MDR) on UPI payments above ₹2,000 made to merchants. Customers don’t pay anything extra – the fee comes out of the merchant’s side, split between banks, payment apps, and NPCI. Payments up to ₹2,000, all person-to-person transfers, and small shops collecting under ₹1 […]
Continue Reading