UPI MDR Above Rs 2,000: Govt Says Customers Won’t Pay

Brief By Ptinews.com / 10:16 PM on 24 Sep 2026

A 0.4% Merchant Discount Rate on UPI transactions above Rs 2,000 will not be passed on to consumers, sources said. Banks will address misconceptions and ensure merchants do not transfer the charge. Sources clarified MDR revenue won’t go to government but will be shared among UPI participants.