MDR on UPI: How are charges calculated per transaction?
The National Payments Corporation of India (NCPI) introduced a Merchant Discount Rate (MDR) of 0.4% for person-to-merchant UPI transactions exceeding ₹2,000. This new charge, effective from September 15, 2026, aims to streamline transaction costs for merchants. Businesses will need to adapt to these changes as they impact transaction pricing moving forward.