New UPI MDR From October 15, Know- Will Indians Pay Extra While Using UPI In 11 Foreign Countries?
Mumbai: India’s new Unified Payments Interface (UPI) Merchant Discount Rate (MDR), scheduled to take effect from October 15, 2026, could extend beyond the country’s borders. According to Finance Ministry sources, the revised MDR framework will also apply in 11 countries where UPI payment services are currently available. UPI MDR Sparks Merchant Protest The new MDR structure has triggered…
Mumbai: Starting from October 15, 2026, India's new Unified Payments Interface (UPI) Merchant Discount Rate (MDR) might expand beyond the country's boundaries, affecting 11 foreign nations where UPI payment services are already available. This revised MDR framework could potentially bring an international aspect to the UPI ecosystem introduced in India. However, Indian consumers traveling abroad will continue to use UPI without incurring additional MDR charges.
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