Merchants accepting UPI payments above Rs 2,000 will pay a 0.4% fee from October 15, under a framework cleared by the UPI & services steering committee headed by the National Payments Corporation…
From 15 October, a new merchant discount rate (MDR) framework for select UPI transactions above Rs 2,000 will take effect. Customers will not pay MDR directly, it is a charge on merchants.…
The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on unified payments interface (UPI) person-to-merchant transactions above Rs 2,000, effective October 15. Consumers will not…
The government and NPCI have released the new Merchant Discount Rate (MDR) framework for UPI payments, effective 15 October. Transactions of Rs 2,000 or less remain free. For merchant (P2M) payments above…
A 0.4% Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 will take effect on October 15. Transactions up to Rs 2,000 and all person-to-person transfers remain free. Merchants in utilities,…
NPCI has released the Merchant Discount Rate (MDR) framework for UPI transactions, effective 15 October 2026. The new rules apply only to select Person-to-Merchant (P2M) payments above Rs 2,000, while all Person-to-Person…
The government will levy a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000 from October 15, with a cap of Rs 300 for transactions of Rs 75,000 and…
The government has notified that no fees can be charged on UPI transactions up to Rs 2,000, but a Merchant Discount Rate (MDR) of 0.4% will apply on person-to-merchant payments above that…
The government on Tuesday announced a 0.4% Merchant Discount Rate (MDR) on person-to-merchant UPI transactions above Rs 2,000, effective October 15. The MDR is capped at Rs 300 for transactions of Rs…
The government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant transactions above Rs 2,000, effective October 15, ending the zero-MDR regime that began in January 2020. The fee is…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.