India's government is considering a small Merchant Discount Rate for large UPI retailers. This potential change aims to create a sustainable revenue model for payment providers. Large merchants with significant annual turnover would face this minor transaction fee. Peer-to-peer and small merchant transactions will remain free of any charges.

India may reintroduce merchant discount rates for large businesses on UPI transactions. This move aims to address the financial sustainability of digital payment providers. Small…

The government is mulling restoring MDR on UPI transactions for large merchants. This and more in todays ETtech Morning Dispatch.