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India ends free ride for larger transactions on its ubiquitous digital payments network

India will impose a 0.4% merchant fee on certain payments made through UPI starting October 15.

This is a short WorldPing brief. The full report was published by TechCrunch.

Read the full report at TechCrunch

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What MDR on UPI payments above Rs 2,000 means for you: FAQs answeredWorldPing
Times of India

What MDR on UPI payments above Rs 2,000 means for you: FAQs answered

Merchant Discount Rate (MDR) is essentially a fee that a merchant incurs when accepting payments for goods or services through credit or debit cards. It is important to note that person-to-person transactions will continue to be free with no MDR applicable.

Brief by WorldPing · Original reporting by Times of India