Indian Bank works on ways to stop UPI MDR being passed on
In short
Indian Bank is looking for ways to stop UPI merchant charges from being passed on to customers. It is also thinking about covering part of the charge for merchants when it is the acquiring bank.
This matters because it could affect merchant costs and what consumers pay. The report does not say what final plan will be used or when it will start.
What the reporting says
Indian Bank is working on mechanisms to prevent UPI MDR from being passed on to consumers, according to a publisher summary. The report also says the bank is considering absorbing part of the charge for merchants where it acts as the acquiring bank. The exact mechanism, costs, and whether this will be implemented are not stated in the available reporting.
Why it matters
Indian Bank is exploring mechanisms to prevent UPI MDR from being passed on to consumers and may absorb part of the charge for merchants where it serves as the acquiring bank, according to the publisher summary. The story points to a possible change in payment-cost sharing, but the available reporting does not state the final structure, scope, or timing of any implementation.