MDR Fee on UPI Coming

THE PAYMENTS COUNCIL of India (PCI), an industry body representing 180 members, said the subsidy was insufficient against the annual estimated cost of ₹10,000 crore for maintaining and expanding the digital payments ecosystem.

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PCI has proposed the introduction of an MDR of 0.3% for UPI only for large merchants. Currently, MDR is levied between 0.9% and 2% for credit and debit cards other than RuPay. The Centre removed MDR on UPI transactions from 2020 to promote digital payments and onboard more merchants to accept such transactions. Previously, merchants paid an MDR of less tha