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News india UPI MDR Charges: Noida Businesses Divided But Say Will ‘Absorb Costs Politely’ Last Updated:September 20, 2026, 9:34 PM IST UPI MDR charges are set to apply to eligible merchant payments above Rs 2,000 from October 15. Noida businesses tell News18 how they plan to absorb the new cost. A busy commercial market in…
News explainers Can A Shopkeeper Charge You Extra From October 15 For Paying By UPI? 7 Questions Answered Last Updated:September 16, 2026, 2:43 PM IST The government says about 96 per cent of merchant UPI transactions will remain unaffected as they are either below the Rs 2,000 threshold or covered by the zero-MDR framework UPI…
New Delhi: India’s click-and-pay UPI services will attract a fractional charge above Rs 2,000 for merchant payments, the government has notified, though it ruled out charges on person-to-person transactions. The new UPI Merchant Discount Rate (MDR) framework will be effective from October 15. The new framework suggests a 0.4% charge will be levied on such…
News business economy UPI MDR: Rail Tickets, Insurance, Fuel, Telecom Payments Above Rs 2,000 To Face Rs 5 Flat Fee Last Updated:September 15, 2026, 8:46 PM IST UPI MDR from October 15: Railways, insurance, fuel, telecom and other sectors will face a flat Rs 5 MDR on transactions above Rs 2,000. Here’s why. The government…
News explainers From Rs 40 Chai To Rs 30,000 Rent: What The New Rs 2,000 UPI Rule Means For Your Wallet Last Updated:September 15, 2026, 2:15 PM IST Could UPI charge you for bigger payments in the future? That is the question many users may have after the government notified new rules putting a Rs…
You probably do not remember the last time you paid a fee for a UPI transaction. That is precisely what makes the current debate around UPI so interesting. For millions of Indians, paying Rs 30 for chai, Rs 200 for groceries or sending Rs 500 to a friend has become so routine that the payment…