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Uploaded 1 month ago
Duration: 0h 4m 41s
Why RBI Backs UPI MDR For Transactions Over Rs 2,000
The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
Uploaded by: Rediff Video Desk on Tue, 15 Sep 2026 23:12:36 +0530
Views: 48
Tags: upi, merchant discount rate, rbi, digital payments, npci
