IIT Bombay study warns UPI MDR costs could raise prices
In short
An IIT Bombay study says merchants may pass UPI fee costs to customers.
It says people buying over ₹2,000 could pay more, and even smaller purchases may become costlier. The report does not say if any policy will change.
What the reporting says
An IIT Bombay study says merchants passing UPI MDR costs to customers can raise prices, according to a publisher summary. The report says buyers spending more than ₹2,000 would pay higher prices, and that the higher selling prices could also affect purchases below ₹2,000. The summary does not say when the study was released, who funded it, or whether the findings have changed any policy.
Why it matters
The study focuses on merchants passing on UPI MDR costs to buyers, which the source says can lift prices across transactions. It specifically notes higher prices for purchases above ₹2,000 and spillover effects for purchases below that level. No policy response, affected retailer names, or market-wide data are given, so the broader impact remains uncertain.