NPCI Sets 0.4% MDR on UPI Merchant Payments Above Rs 2,000 From Oct 15

India's zero-MDR regime, in place since January 2020, ends October 15 with a 0.4% charge on merchant UPI payments above Rs 2,000, capped at Rs 300 per transaction. Builders in payments, lending, and neo-banking need to model how this reshapes unit economics—especially for small merchants and the fintechs bundling UPI as a free feature.

Source: YourStory ↗