UPI MDR to apply above ₹2,000 from 15 October 2026
In short
UPI MDR will apply to eligible person-to-merchant payments above ₹2,000 from 15 October 2026.
The report says the charge will be 0.4% and compares it with debit and credit card merchant charges. It does not give the full card-rate range or say exactly who pays in every case.
What the reporting says
UPI MDR will apply to eligible P2M transactions above ₹2,000 from 15 October 2026, according to a Mint Money summary. The reported rate is 0.4%, and the article compares it with typical debit and credit card MDRs. The reporting does not give the full card-rate range or say who will bear the cost in every case.
Why it matters
UPI MDR will apply to eligible P2M transactions above ₹2,000 from 15 October 2026, with a reported rate of 0.4%. The story compares that charge with typical debit and credit card MDRs, implying a change in payment costs for merchants and possibly consumers depending on pass-through. The reporting does not provide the full comparison figures or details on exemptions.