UPI MDR clarification
NPCI has said a 0.4 per cent merchant discount rate will apply to certain UPI person-to-merchant payments above Rs 2,000. The Finance Ministry said person-to-person transfers and merchant payments up to Rs 2,000 will remain free.
📌 Static GK link: UPI is a real-time payment system operated by NPCI; MDR is the fee a merchant pays to a payment service provider.
Source: Sambad English ↗