Tag: P2M transactions
STARTUP/TECHNOLOGY UPI’s New MDR: Cost For Merchants, But No Charge For Customers Seen

With Unified Payments Interface (UPI) processing 24 billion transactions worth about $311 billion in August 2026, the new Merchant Discount Rate (MDR) framework marks a significant change in the economics of India’s largest digital payment network, although the immediate impact on consumers is expected to be limited because the customer-facing UPI transaction remains free. What […]

Sajan C Kumar · Sep 16, 2026
STARTUP/TECHNOLOGY UPI To Remain Free For P2P Transfers, 96% Of Merchant Transactions: Govt

The new Unified Payments Interface (UPI) framework will have no impact on person-to-person transactions, with all P2P UPI payments continuing to remain completely free irrespective of the amount transferred. The framework will also keep merchant payments up to ₹2,000 free of Merchant Discount Rate (MDR). Transactions covered under the zero-MDR framework for small merchants will […]

CW Bureau · Sep 15, 2026