UPI MDR to apply on payments above Rs 2,000 from October 15, 2026
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Starting October 15, 2026, UPI payments exceeding Rs 2,000 to large merchants will incur a Merchant Discount Rate (MDR) of 0.4%. Currently, the National Payments Corporation of India (NPCI) has not set a daily cap on these charges. This decision marks a significant change in UPI payment policies affecting merchants and consumers.
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Originally published by gnews