{
  "id": 7434553,
  "title": "Merchant fee on UPI rolling out as transaction floor set at Rs 2,000",
  "url": "https://urgent.news/2026/09/15/merchant-fee-on-upi-rolling-out-as-transaction-floor-set-at-rs-2-000",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T00:00:00.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/finance/merchant-fee-on-upi-rolling-out-as-transaction-floor-set-at-2000-rupay-debit-card/articleshow/134247429.cms"
  },
  "original_language": "en",
  "account": "India has announced that transactions of up to ₹2,000 via Unified Payments Interface (UPI) and RuPay debit cards will no longer incur any charges from banks or payment providers. This change, following amendments to the Payment and Settlement Systems Act, brings back the Merchant Discount Rate (MDR) on UPI transactions. The government set the transaction threshold at ₹2,000 for the levy of MDR, which it had excluded for UPI payments since January 2020 to promote digital adoption. The details of the MDR charges will be outlined in an upcoming operational directive by the National Payment Corporation of India, with rates to be decided by the UPI and services steering committee. The finance ministry had previously indicated that future MDR charges on UPI transactions would be nominal and only applicable to a limited set of merchant transactions. Data from CareEdge suggests that peer-to-merchant (P2M) transactions account for 29% of UPI transaction value, with 67.2% of P2M transaction value exceeding ₹2,000.",
  "summary": "India has exempted transactions up to ₹2,000 via UPI and RuPay debit cards from charges. This move allows for the reintroduction of merchant discount rate on UPI transactions. The government amended the Payment and Settlement Systems Act to enable these changes. Future MDR charges on UPI will be nominal and apply to limited merchant transactions. A detailed directive on MDR charges is expected…",
  "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."
}