Merchant Discount Rate

India Introduces New UPI Fee Framework, Keeps P2P and Small Payments Free

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Image showing UPI Fee Era: smartphone displaying UPI payment as India introduces new MDR rules for select merchant payments.

India Introduces New UPI Fee Framework, Keeps P2P and Small Payments Free India’s digital payments system is entering a new phase as the National Payments Corporation of India (NPCI) introduces new UPI fee rules from October 15, 2026. The framework introduces a Merchant Discount Rate (MDR) for selected merchant payments, but it does not charge … Read more