New Delhi, Sep 16, 2026: The Union government has announced a new Merchant Discount Rate (MDR) of 0.4% on specific UPI person-to-merchant (P2M) transactions exceeding Rs 2,000, set to take effect nationwide from October 15, 2026. This decision, revealed today, aims to establish a sustainable revenue model for the rapidly expanding digital payments ecosystem.
This new charge will cap at Rs 300 per transaction, meaning payments of Rs 75,000 or more will incur this maximum MDR. Crucially, this fee
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📰 Source: Mangalore Today