New UPI MDR rules to apply on merchant payments above ₹2,000
In short
A new MDR framework will apply to UPI merchant payments above ₹2,000 from October 15. The summary says not all merchants or transactions will be affected, and small vendors may be only partly affected.
This matters because it could change payment costs for customers, merchants and some sectors. The reporting does not say exactly which transactions will be charged or how much.
What the reporting says
A new MDR framework will apply to UPI merchant payments above ₹2,000 from October 15, according to a publisher-supplied summary. The reporting says not all merchants or transactions will be affected, but it does not specify the full fee structure or which sectors face changes. The immediate impact for customers, small vendors and select sectors is still unclear.
Why it matters
A new MDR framework is set to apply to UPI merchant payments above ₹2,000 from October 15. The publisher-supplied summary says the changes will not cover all merchants or transactions, but it does not give the final fee details or list every affected sector. The immediate effect on customers, small vendors and select businesses remains uncertain.