{
  "id": 7565215,
  "title": "UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to know",
  "url": "https://urgent.news/2026/09/15/upi-charges-from-october-15-faqs-on-who-will-pay-0-4-mdr-and-what",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T14:03:07.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/upi-charges-from-october-15-faqs-on-who-will-pay-0-4-mdr-and-what-consumers-small-vendors-large-merchants-need-to-know/articleshow/134266293.cms"
  },
  "original_language": "en",
  "account": "From October 15, 2026, UPI will introduce a Merchant Discount Rate (MDR) of 0.4% on person-to-merchant (P2M) transactions exceeding Rs 2,000. Nearly 96% of P2M transactions will remain unaffected. Small-value transactions up to Rs 2,000 are not impacted, accounting for over 95% of UPI P2M transactions. The MDR is derived from revenue to support UPI's infrastructure, innovation, cybersecurity, and customer service. It is lower than traditional card-based MDRs, which can range from 1.5% to 2.5%. The revised framework will take effect on October 15, 2026, allowing time for adjustments to software and billing systems. A dedicated fund aims to subsidize digital payment infrastructure in Tier 3 to Tier 6 centers, as well as support small merchants through financial assistance for merchant onboarding and incentives for UPI transactions.",
  "summary": "UPI transactions up to Rs 2,000 will remain free for all users. A new Merchant Discount Rate (MDR) will apply to specified merchant payments above Rs 2,000. The revised framework aims to support investment in UPI infrastructure, innovation and cybersecurity. Most person-to-merchant (P2M) transactions will remain unaffected by the changes. The updated provisions will take effect from October 15,…",
  "key_points": [
    "UPI will charge 0.4% MDR on P2M transactions over Rs 2,000 from October 15, 2026",
    "96% of transactions under Rs 2,000 will remain unaffected by the new MDR",
    "Revised framework aims to fund UPI infrastructure, innovation, and customer service"
  ],
  "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."
}