76% UPI Users May Shift Payments After New MDR Rule

Brief By Etnownews.com / 7:54 PM on 02 Oct 2026

A LocalCircles survey found 76% of UPI users may shift large payments away from UPI if a 0.4% Merchant Discount Rate applies to specified transactions above ₹2,000 from October 15. Among respondents, 26% preferred credit cards and 26% chose cash, while 13% favoured debit cards and 11% preferred bank transfers, NEFT or IMPS for such payments under the new rules.