UPI Merchant Charges Above Rs 2,000 To Be Implemented After Diwali
The Centre announced that a new Merchant Discount Rate (MDR) for UPI transactions above ₹2,000 will be implemented after Diwali. This change aims to generate funds for UPI infrastructure, which incurs an annual cost of ₹20,000 crore. Users should prepare for this adjustment as it may impact transaction costs starting in November.