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MDR on UPI: What is Merchant Discount Rate? Why is the government bringing it now?

Source: Business Today

The government on September 14 has notified that banks and payment system providers cannot charge a fee on UPI transactions of up to ₹2,000. Payments above ₹2,000 are not covered by this exemption, opening the door for charges such as Merchant Discount Rate (MDR). These changes have been brought under the Payment and Settlement Systems Act.

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This digest is published with acknowledgment to Business Today. For the complete analysis, headnotes, and citations, please refer to the source.

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