#mdr
‘No UPI Day’ to protest proposed MDR affects sales for city traders
Pune traders observe “No UPI Day” as 600 wholesalers and 10,000 retailers protest proposed MDR charges on some UPI payments, citing thin margins and sales hit.
UPI MDR kicks in October 15: Why NPCI expects no hit to transaction volumes
NPCI CEO Dilip Asbe said the new Merchant Discount Rate is unlikely to materially affect UPI transaction volumes, with the additional revenue expected to be reinvested in payment infrastructure and technologies such as soundboxes and AI.
Proposed 0.4% UPI MDR could recover Rs 15,000 crore in first year: NPCI chief
Gold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, in particular, are looking at silver differently, seeking jewellery they can experiment with and wear more often — something that is harder to do with gold…
75% of merchants insulated from UPI MDR, says NPCI CEO Dilip Asbe
Asbe explained that about 80 per cent of the total MDR value collected will come from businesses that record more than ₹1,000 crore in annual gross merchandise value (GMV)
‘May have to go back to cash’: Traders on UPI MDR
Delhi traders warn they may revert to cash after govt imposes 0.4% MDR on UPI payments above Rs 2,000; small merchants get exemption, MDR can’t be passed on.
PIL in SC challenges 0.4% MDR on UPI transactions above ₹2,000 in India
Petitioner questions the amended payment law, lack of gazette publication and differing treatment of UPI and RuPay debit-card transactions under the new framework