October 13, 2026
Home Posts tagged Merchant Discount Rate
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India Delays UPI Payment Fee Rollout Until After Diwali

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India has postponed the introduction of a fee on large transactions made through the Unified Payments Interface (UPI) until after the Diwali festival, the National Payments Corporation of India (NPCI) announced on Tuesday. The proposed 0.4% charge on merchant transactions exceeding ₹2,000 was originally scheduled to take effect on October 15. NPCI said the delay […]Continue Reading
Featured Latest News

India’s UPI to Introduce Fees on Large Merchant Payments

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India’s Unified Payments Interface (UPI) will end its more than six-year zero-fee era for certain large merchant transactions from October 15, 2026. Under new rules announced by the National Payments Corporation of India (NPCI), a 0.4% Merchant Discount Rate (MDR) will apply to merchant transactions above ₹2,000. The charge cannot be passed on to consumers. […]Continue Reading

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