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NPCI today announced merchant discount rate on select UPI transactions, keeping UPI free for consumers. It said that MDR of 0.4% will be applicable on P2M UPI payments above ₹2,000, capped at ₹300 per transaction.

Read more: https://www.livemint.com/money/personal-finance/mdr-on-upi-transactions-npci-announces-0-4-on-payments-above-rs-2-000-check-details-11789476853142.html
mint UPI is no longer free for all, as conditions apply | Mint The National Payments Council of India has announced merchant discount rate (MDR) on a host of UPI transactions, effective from 15 October, while keeping UPI free for some. Here's what has changed:
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