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Person-to-person UPI payments will remain free, while the new MDR framework will apply only to specified merchant transactions from October 15, 2026.
Person-to-person UPI payments will remain free, while the new MDR framework will apply only to specified merchant transactions from October 15, 2026.
Customer making a UPI QR code payment at an Indian retail store as the government considers reintroducing merchant fees for select digital transactions.
Digital Payments Reach New High Key Highlights India’s digital payments ecosystem achieved another milestone in July 2026 as the Unified Payments Interface (UPI) recorded its highest-ever monthly transaction volume, reflecting the country’s growing reliance on cashless payments. According to data released by the National Payments Corporation of India (NPCI), UPI...
The government is reportedly considering bringing back a limited Merchant Discount Rate on high-value UPI transactions. The proposed charge may apply only to large merchants, while ordinary users and small shopkeepers are expected to remain unaffected. Highlights The central government is reportedly examining a proposal to reintroduce the Merchant Discount...
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