Unified Payments Interface
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UPI mechanism coming soon to ensure consumers not charged for MDR on transactions above Rs 2,000
Business | Sep 24, 2026, 10:30 PM ISTFrom October 15, a 0.4 per cent MDR will apply to person-to-merchant UPI payments above Rs 2,000. Merchants, not consumers, will pay the charge, capped at Rs 300 for transactions of Rs 75,000 or more.
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‘No impact on common man's pocket’: MobiKwik co-founder Upasana Taku on new UPI fee
India | Sep 16, 2026, 09:18 PM ISTMobiKwik Co-founder and Chief Executive Officer (CEO) Upasana Taku likened NPCI’s role in the UPI ecosystem to the payment switches used by global card networks such as Visa and Mastercard.
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OPINION | Who will bear UPI charges?
India | Sep 16, 2026, 06:29 PM ISTFor the last two days, many misconceptions have been spread about the UPI issue. Naysayers say that there could be a big dip in digital transactions, and the use of cash for most of the transactions may increase. Small shopkeepers, traders and street vendors will be hard hit.
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'Roll back UPI tax': Rahul slams Centre over new charge, claims PM Modi has 'surrendered' before US
India | Sep 16, 2026, 04:32 PM ISTAccusing Prime Minister Narendra Modi of “surrendering” before Donald Trump, Rahul alleged that the revised UPI policy would burden Indians and benefit the United States.
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UPI charges explained: Who pays, who doesn’t and what it means for you | FAQs
India | Sep 16, 2026, 06:59 AM ISTFrom October 15, a 0.4% Merchant Discount Rate (MDR) will apply to UPI payments above Rs 2,000 made to merchants, with the charge capped at Rs 300 for transactions of Rs 75,000 or more. The new rule does not mean consumers will be charged for using UPI.
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Will UPI purchases become cheaper than using credit cards? Here's what we know
Business | May 20, 2025, 05:40 PM ISTCredit cards have an associated merchant discount rate (MDR) of 2-3 per cent that either erodes merchant margins or gets indirectly transferred to customers.
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UPI transaction value hits record high in March, reaches over Rs 24 lakh crore | DETAILS
Business | Apr 02, 2025, 07:56 AM ISTAccording to NPCI data, the UPI network processed over 590 million transactions daily on average, with a total transaction value of approximately Rs 79,910 crore per day. Compared to last year, UPI transactions in March reached a staggering Rs 24.77 lakh crore.