Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides, a flat concessional MDR of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000.
Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides, a flat concessional MDR of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000.
<iframe src="https://hindustansphere.com/embed/cluster/4cc6769e534bbff2c5949892b5c8501818e0f705" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="MDR could push small merchants, price-sensitive consumers back towards cash: GTRI"></iframe>
