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MDR on UPI applies to merchants, not customers: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman clarified that Merchant Discount Rate (MDR) applies to merchants, supporting banks and fintechs in infrastructure investments.

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MDR on UPI applies to merchants, not customers: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman clarified that Merchant Discount Rate (MDR) applies to merchants, supporting banks and fintechs in infrastructure investments.

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Timeline cronologica

martedì 4 agosto 2026·economictimes.indiatimes.com
Government moves closer to restoring MDR on UPI merchant payments
Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The…
mercoledì 5 agosto 2026·timesofindia.indiatimes.com
‘Someone has to pay the cost’: RBI governor on MDR proposal for UPI transactions above Rs 2,000
Will you have to pay for UPI payments going ahead? The government is expected to permit the levy of a Merchant Discount Rate (MDR) of 0.25% to 0.4% on UPI transactions above Rs…

MDR on UPI applies to merchants, not customers: Nirmala Sitharaman

Confronto fonti

MDR on UPI applies to merchants, not customers: Nirmala Sitharaman

Timeline cronologica

Government moves closer to restoring MDR on UPI merchant payments

‘Someone has to pay the cost’: RBI governor on MDR proposal for UPI transactions above Rs 2,000

Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

MDR applies only on merchants, not on end users: FM

Proposed UPI MDR changes spark reactions from politicians, Industry leaders and users - The Economic Times

UPI MDR explained: What potential charges above Rs 2,000 on Paytm, GPay & other payment apps mean for you and merchants

UPI payments above Rs 2000 to attract MDR after debit, credit cards? Here’s what users need to know about the proposal - The Economic Times

Proposed UPI MDR could shift fintech focus to merchants, unlock sustainable revenue model

No decision yet on merchant discount rate on UPI deals

Service charge on UPI transactions makes sense

MDR applies only on merchants, not on end users: FM

MDR on P2M transactions in UPI can be less than 0.25% to compensate stakeholders

FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security

MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh - The Economic Times

Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

MDR on UPI applies to merchants, not customers: Nirmala Sitharaman

Proposed UPI MDR changes spark reactions from politicians, Industry leaders and users - The Economic Times