NPCI introduces 0.4% MDR charge on UPI payments above ₹2,000, exempts small merchants, person-to-person transfers
India Latest News: Top National Headlines Today & Breaking News | The HinduSep 15, 2026 · 2:30 PM👁 0 views❤ 0 likes
The Ministry of Finance said that person-to-person transactions, which will be exempt, constitute 70% of the value of total UPI transactions. It added that only 4% of UPI transactions at merchants will attract the charge.