{
  "id": 10310974,
  "title": "'MDR to boost UPI use in cross border payments': JP Morgan Global Payments co-head",
  "url": "https://urgent.news/2026/09/27/mdr-to-boost-upi-use-in-cross-border-payments-jp-morgan-global",
  "topic": "world",
  "section": "World",
  "published": "2026-09-27T22:55:33.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/mdr-to-boost-upi-use-in-cross-border-payments/articleshow/134528851.cms"
  },
  "original_language": "en",
  "account": "Max Neukirchen, co-head of JP Morgan Global Payments, has stated that introducing merchant fees on UPI transactions could help increase the use of UPI in cross-border payments. Neukirchen believes that this approach could make UPI more competitive compared to alternatives like cards and cash. He notes that while the proposed 40-basis-point charge is still cheaper than most alternatives, it does raise concerns. JP Morgan has already connected Indian payment systems, including UPI, with its global infrastructure to facilitate cross-border payments. The bank sees growing interest from multinational companies in conducting treasury operations from GIFT City and is expanding its services beyond trade finance and foreign exchange to include payments.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}