India and 11 other nations to implement UPI merchant transaction fees
Headline by Prism · from 1 report
Beginning October 15, 2026, merchants in India and 11 other countries using the UPI payment system will be subject to a 0.4% Merchant Discount Rate (MDR) on transactions exceeding 2,000.
Maharashtra TimesThe brief
Written by software from the 1 report below.
- A 0.4% MDR fee will apply to all UPI transactions over 2,000 for merchants starting October 15, 2026.
- This policy extends beyond India to the 11 other countries where the UPI ecosystem is currently operational.
- National Payments Corporation of India, payment banks, and merchant banks jointly decided on the fee to fund infrastructure development and system maintenance.
- The Indian Bank Association is developing technical mechanisms to prevent merchants from passing this fee onto customers.
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All filed from India
NamedIndia · United Arab Emirates · Singapore · France · Bhutan · Nepal · Sri Lanka · Mauritius · Qatar · Cambodia · Greece · Maldives · Divesh Dinesh Chavan · Indian Bank Association · National Payments Corporation of India
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