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UPI’s six-year run as a largely free payment option for merchants is set to face a test from October 15, with a 0.4% merchant discount rate (MDR) coming into effect for person-to-merchant payments above Rs 2,000. A new LocalCircles survey suggests the change could push a large number of consumers towards cash, credit cards, debit…
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…
1 hour ago copy link Yesterday’s big news was related to UPI. Payments above ₹2,000 through UPI will be charged 0.4%. This fee will be taken from the businessmen and not from the customers. Yesterday, the price of gold decreased by Rs 1,036 and silver by Rs 179. Before tomorrow’s big news, these are today’s…
20 minutes ago copy link Yesterday’s big news was related to UPI. Payments above ₹2,000 through UPI will be charged 0.4%. This fee will be taken from the businessmen and not from the customers. Yesterday, the price of gold decreased by Rs 1,036 and silver by Rs 179. Before tomorrow’s big news, these are today’s…