SynopsisIndia may reintroduce merchant discount rates for large businesses on UPI transactions. This move aims to address the financial sustainability of digital payment providers. Small merchants and transactions below a certain threshold will likely remain exempt from these charges.India could restore the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions for large merchants, addressing an issue that has plagued the online payments industry, according to three people aware of the matter.“There have been multiple industry representations on bringing back MDR in view of the large and growing volume of digital transactions…. It is being actively examined,” said one of the persons.Another person said( Originally published on Jul 16, 2026 )Now Playing