Merchant Discount Rate Mdr

Banks to plough back UPI MDR gains into tech, security, merchant expansion

SBI, Axis Bank and Bank of Baroda plan to reinvest proceeds from the proposed UPI MDR levy in technology, security, infrastructure and merchant expansion rather than boost profits

Cashfree makes its checkout readable for AI agents to speed up payments

Cashfree's new Checkout for Agents uses WebMCP to help AI agents navigate payment pages, reduce token consumption by over 40 per cent and complete purchases with user approval.

UPI needs sustainable revenue model for growth: PhonePe CEO on MDR debate

At Business Standard BFSI Insight Summit, PhonePe's Sameer Nigam says MDR is necessary for UPI's growth, while questioning criticism of foreign investors who helped build India's payments ecosystem

UPI MDR deferred until after Diwali, new date to be notified: NPCI

NPCI has postponed the levy of MDR on select UPI merchant transactions, originally due from October 15, while leaving the proposed fee structure unchanged

Fintech stocks decline as MDR on UPI likely to be deferred to January 1

Shares of Paytm, MobiKwik and Pine Labs declined amid reports that the proposed UPI merchant discount rate could be deferred to January 2027 from October 15

Festival breather: UPI merchant fee may be deferred till January 1

UPI MDR may be deferred to January 1, while the exemption for small merchants could be expanded to businesses with annual turnover of up to ₹40 lakh

MDR on UPI unlikely to dent transaction volumes: RBI Governor Malhotra

A 0.4 per cent merchant discount rate takes effect on October 15, while small payments remain free; UPI recorded 802 million average daily transactions in September.

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