Case Law
NPCI Clarifies UPI MDR: 0.4% Fee on Merchant Transactions Over ₹2,000
India·Wire Summary⏱️ 1 min read
NPCI has released FAQs clarifying that a 0.4% MDR will apply to specified UPI Person-to-Merchant (P2M) transactions above ₹2,000 from 15 October 2026, while keeping UPI payments for consumers, P2P transfers, and most small value merchant transactions free. The post UPI MDR explained: No charges for consumers, 0.4% fee on select merchant transactions above ₹2,000 appeared first on SCC Times.
Get Deeper AI analysis
How does this affect you?
Get an AI analysis of this article grounded in your jurisdictions, practice areas, and any policy documents you've uploaded to Wansom.
Finish Reading the Full Story and the Expert Analysis.
Get the latest legal & regulatory intelligence in India
Instant access to full analysis, cited statutes & expert commentary
Customize your dashboard to track what matters to your business operations
Wansom is AI and can make mistakes.