UPI Zero MDR Retained for Small Merchants Under New Payment Framework

India's updated UPI payment framework maintains zero Merchant Discount Rate (MDR) for small merchants receiving up to Rs 1 lakh per month via QR code payments. The new rules are set to take effect from October 15, bringing structured changes to how UPI transactions are processed. The policy aims to protect small businesses from additional transaction costs while potentially revising fee structures for larger merchants. Users and merchants are advised to familiarise themselves with the updated guidelines before the deadline.