Tag
Payment Systems Regulation
2 articles
UPI Merchant Fee Framework Exempts 96% Transactions
New UPI framework introduces 0.4% MDR only on merchant transactions above ₹2,000, exempting all P2P transfers and small payments.
Approximately 96% of merchant transactions remain free, with special f
UPI MDR Framework Exempts 96% Merchant Transactions
UPI remains completely free for all person-to-person transactions and merchant payments below ₹2,000, protecting individual users.
A nominal 0.4% MDR applies only to merchant transactions above ₹2,000