NPCI launches MDR-funded scheme to expand UPI acceptance among small merchants

Picture: Inc42 · see the original ↗

NPCI has launched the 'UPI Vyapaar Saksham Scheme', where banks earn ₹300 per QR code and ₹750 per soundbox deployed at an eligible new small merchant. It is funded by 5% of each participant's MDR share and runs three years from the UPI MDR implementation, which is yet to be notified. It targets small merchants with turnover up to ₹40 Lakh in Tier III to Tier VI cities, the northeast, Jammu and Kashmir, and Ladakh.

Source: Inc42 ↗

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