Consumers will not pay extra for UPI transactions when a new merchant discount rate takes effect on October 15. Merchants will pay a 0.4% fee on qualifying payments above ₹2,000, capped at ₹300, and cannot pass the charge on to customers.
UPI MDR: Will UPI Apps start charging platform fee on UPI payments? Know here
livemint.com - 10 Oct 2026 15:04
Consumers will not pay extra for UPI transactions when a new merchant discount rate takes effect on October 15. Merchants will pay a 0.4% fee on qualifying payments above ₹2,000, capped at ₹300, and cannot pass the charge on to customers.
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