Payment Bill Amendments Could Reintroduce MDR for Large-Value UPI Transactions

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Finance

4 August 2026 at 11:49 am

Payment Bill Amendments Could Reintroduce MDR for Large-Value UPI Transactions

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Summary

Proposed amendments to the Payment and Settlement Systems Act could reintroduce merchant discount rates (MDR) for large-value UPI transactions, aiming to help banks and fintech firms recover investment costs.

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