Merchant Discount Rate Mdr

UPI transaction value may drop 10% after Oct 15 MDR rollout: Survey

LocalCircles estimates UPI transaction volumes could fall 4% and value 10% as consumers shift to cards, cash and bank transfers if merchants pass on the MDR

UPI continues to grow strongly, volumes up 23% at 24.07 bn in September

Clocks highest daily avg volume of over 800 mn transactions

UPI usage holds steady in September despite backlash over new MDR norms

UPI processed an average 802 million transactions a day in September, up about 1 per cent from August, while transaction value also remained firm despite the MDR backlash

UPI MDR is not a tax, won't mean extra cost for customers: FM Sitharaman

Finance Minister Nirmala Sitharaman has said the charge on specified merchant transactions above ₹2,000 will be borne within the payments ecosystem, while UPI payments by customers will remain free

MDR on UPI payments: What customers, merchants need to know from Oct 15

From October 15, MDR will apply to certain UPI payments above ₹2,000 made to large merchants, while customers and eligible small vendors will continue to pay no fee

Fintechs race to expand merchant networks as MDR returns to UPI payments

PhonePe, Paytm, Pine Labs and MobiKwik are stepping up merchant acquisition and device deployment as UPI MDR returns and NPCI plans a Rs 3,000-crore fund

A better way to fund UPI

UPI's costs could be shared more widely without distorting the incentives to use digital payments

Datanomics: PSBs lead among UPI senders, private banks top receivers

Proposed UPI MDR will give remitter banks the largest revenue share, while private banks dominate the merchant-side transactions

All about political capital

A fee on UPI transactions is economically logical, but it reflects the govt's evolving approach to one of its key political constituencies

Let's not fritter away UPI gains

The benefits of keeping it free far outweigh the costs

Govt considers mechanism to check pass-through of MDR to customers

Government may monitor merchants to ensure new UPI charges are not passed on to consumers from October 15

Sebi to look into stock broker concerns over MDR on UPI transactions

Brokers in discussion with the market regulator as the charge raises operational cost

Delhi merchants up in arms, say MDR on UPI could mark return to cash

New UPI charges on high-value merchant payments are raising concerns among Delhi retailers, with some considering a shift towards cash to protect margins

Oil ministry officials meet petroleum dealers body on MDR exemption demand

Petroleum dealers have sought exemption from MDR on UPI fuel purchases above Rs 2,000, warning that the additional transaction cost could put pressure on prescribed dealer margins

Govt holds firm on UPI MDR as Opposition mounts pressure for rollback

Finance Ministry rejects claims of US pressure behind UPI MDR, as Opposition parties and trader groups demand reconsideration of the new merchant fee

Businesses divided on UPI MDR; retailers wary, quick commerce unfazed

Distributors flag concerns over the new UPI merchant charges, while quick-commerce firms expect limited impact as most transactions remain below the Rs 2,000 threshold

Two in five merchants unwilling to bear any MDR on UPI payments: Survey

LocalCircles survey finds 41% of merchants unwilling to bear any MDR on UPI payments above ₹2,000, while only 17% would accept a charge of 0.3% or more

Debit card rule may act as template to shield UPI users from MDR fee

A 2017 RBI rule barring merchants from passing debit card MDR to customers could guide safeguards against similar charges on UPI payments

Free for users, costly to run: The economics behind India's UPI system

UPI remains free for consumers and merchants, but the cost of running India's digital payment infrastructure has revived the debate over MDR, subsidies and platform fees

UPI MDR debate: Why ₹2,000 is in focus and what it means for users

The government has not notified ₹2,000 as an MDR threshold, but the existing incentive framework and transaction data explain why the number dominates the debate