{
  "id": 7685475,
  "title": "UPI charges from October 15; Activate’s maiden fund",
  "url": "https://urgent.news/2026/09/16/upi-charges-from-october-15-activates-maiden-fund",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T02:05:30.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/upi-charges-from-october-15-activates-maiden-fund/articleshow/134276098.cms"
  },
  "original_language": "en",
  "account": "UPI merchant transactions surpassing Rs 2,000 will now incur a 0.4% charge starting October 15, according to the NPCI. This new merchant discount rate (MDR) will apply to person-to-merchant payments, while person-to-person transfers remain unaffected. Railways, telecom, insurance, and fuel transactions will also attract a flat Rs 5 MDR on payments exceeding Rs 2,000. Capital market transactions will have a capped MDR of 0.02%, not exceeding Rs 300. The NPCI expects the MDR to remain within the UPI ecosystem, with fees flowing to acquiring banks, issuing banks, payment service providers, and app providers.",
  "summary": "Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch.",
  "key_points": [
    "UPI merchant transactions over Rs 2,000 will have 0.4% charge from Oct 15",
    "Railways, telecom, insurance, fuel transactions get flat Rs 5 MDR",
    "Capital market transactions capped at 0.02% MDR not exceeding Rs 300"
  ],
  "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."
}