NPCI launches MDR-funded scheme to boost UPI at small merchants
In short
NPCI has launched a new scheme to help more small merchants accept UPI. The plan is funded through MDR and is meant to push wider use of digital payments.
What the reporting says
NPCI introduced a new scheme to expand UPI acceptance among small merchants. Inc42’s summary says the plan is funded through MDR and is meant to promote UPI usage. The move targets wider merchant adoption of India’s digital payments system and could support more UPI transactions if adoption rises.
Why it matters
The National Payments Corporation of India introduced a new MDR-funded scheme to expand UPI acceptance among small merchants. The published summary says the plan is designed to promote UPI usage and broader merchant adoption. The initiative could support India’s digital payments network and increase transaction volumes if small merchants sign up.