Invezz Explains: India wants UPI revenue but its payment data may be worth more
India’s decision to introduce a merchant discount rate on selected UPI payments has reopened a debate over who should pay for the country’s digital payment infrastructure. From October 15, person-to-merchant transactions above ₹2,000 will attract an MDR of 0.4%, capped at ₹300, while person-to-person transfers,......
20 September, 2026 No comment



