BUSINESS● ELEVATEDSep 15 · Sep 15, 2026, 2:30 PM
NPCI introduces 0.4% MDR charge on UPI payments above ₹2,000, exempts small merchants, person-to-person transfers
The Hindu · south asia
Ministry of Finance says person-to-person transactions, which will also be exempt, constitute 70% of the value of total UPI transactions; according to the Ministry, only 4% of merchant transactions will attract the charge
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