UPI MDR: 75% Merchants to Remain Unaffected by Charges on Transactions Above Rs 2,000, Says NPCI Chief

Only 10% of UPI transaction value risks MDR charges; corporates to absorb most proposed fees: NPCI

80% of the MDR collected would come from businesses with annual turnover of more than ₹1,000 crore, NPCI chief Dilip Asbe, said

UPI MDR: 75% merchants to remain unaffected by charges on transactions above Rs 2,000, says NPCI chief

NPCI chief Dilip Asbe said 75% of UPI merchants will be unaffected by MDR on transactions above Rs 2,000.

NPCI Chief Clarifies UPI Transaction Charges Impact On Consumers

NPCI chief Dilip Asbe stated that only about 10% of UPI transaction value might see charges passed to consumers, primarily from large corporates already absorbing credit card fees. He highlighted that 80% of Merchant Discount Rate (MDR) would come from businesses with over Rs 1,000 crore turnover, and a significant portion of transactions will remain charge-free. A new fund, potentially Rs 3,000 crore, will also be created from MDR collection to…

Consumer impact of UPI MDR charges limited to around 10 pc of overall value: NPCI CEO

The risk of consumers bearing the cost of UPI Merchant Discount Rate (MDR) charges is limited to around 10 per cent of the overall value on which MDR is collected, NPCI Managing Director and CEO Dilip Asbe said, adding that a majority of merchants are unlikely to pass the charges on to customers.

NPCI chief assures new UPI MDR policy will not affect three-fourths of merchants

Speaking at the SBI Banking and Economic Conclave here, Asbe said India has more than 60 million merchants accepting digital payments, and nearly 75 per cent of them have not seen a single transaction above Rs 2,000.

New UPI MDR Policy to Leave 75% of Merchants Unaffected: NPCI Chief

Mumbai, September 24, 2026 (Yes Punjab News) Around 75 per cent of India’s digital payment-accepting merchants will remain unaffected by the newly introduced merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions above Rs 2,000, National Payments Corporation of India (NPCI) Managing Director and CEO Dilip Asbe said on Thursday. Speaking at the SBI […]