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India May Reintroduce Merchant Fees on UPI Transactions

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India is considering reinstating the Merchant Discount Rate (MDR) on UPI transactions, a fee that merchants pay to banks and payment service providers for processing digital payments. MDR was previously waived on UPI to encourage adoption of digital payments across the country. Credit card transactions in India currently attract an MDR of around 1.5%. The potential reintroduction of MDR on UPI could have significant implications for merchants, payment service providers, and the broader digital payments ecosystem.

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India May Reintroduce Merchant Fees on UPI Transactions · ShortSingh