The government is considering a sub-0.5% merchant discount rate (MDR) for UPI payments exceeding Rs 2,000, targeting large merchants to streamline digital transaction costs.
MDR could be less than 0.5%
Jul 17, 2026
01:17 pm
What's the storyThe Indian government is mulling the reintroduction of a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions for large merchants.
The fee, which could be less than 0.5%, would only apply to transactions over ₹2,000.
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The government is mulling restoring MDR on UPI transactions for large merchants. This and more in todays ETtech Morning Dispatch.
