UPI to Charge 0.4% on Merchant Payments Over ₹2,000
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AI-generated summary of the coverage listed below: Starting October 15, 2026, India’s Unified Payments Interface (UPI) will impose a 0.4% Merchant Discount Rate (MDR) on transactions exceeding ₹2,000. The fee applies only to merchant payments, while person‑to‑person transfers remain free. The change, announced by the National Payments Corporation of India, aims to regulate high‑value payments and generate revenue for the payments network.
Covered by 32 outlets across the spectrum: 3% left, 63% center, 34% right.
Who is covering this story
- Center (5): ABP Live English, Inc42, Deccan Herald, DNA India, Hindustan Times
- Right-leaning (4): Sunday Guardian, Deccan Chronicle, India Today, India TV English
Sources
- UPI Payments Above Rs 2,000 To Face 0.4% Fee For Merchants: Govt — ABP Live English (center)
- 0.4% MDR On UPI Transactions: What Is Merchant Discount Rate And How Will It Affect Payments? — ABP Live English (center)
- UPI Charges From October 15: Paying More Than Rs 2,000? Know What The New Rule Means — ABP Live English (center)
- Zerodha, INDmoney Flag UPI MDR Impact On Brokers, Kamath Seeks ₹5-10 Cap — Inc42 (center)
- What Is UPI MDR? New 0.4% Merchant Charge on UPI Payments Explained; All You Need to Know as a UPI User — Sunday Guardian (right-leaning)
- UPI Transactions Above ₹2,000 To Attract 0.4% MDR — Deccan Chronicle (right-leaning)
- Centre fixes 0.4% fee on UPI payments above Rs 2,000 from October 15 — Deccan Herald (center)
- Customer and merchant banks to get 70% of UPI MDR revenue — Deccan Herald (center)
- Introduction of MDR on large value transactions to strengthen UPI's long-term sustainability: RBI — Deccan Herald (center)
- Explained | New UPI charges to roll out from October 15: Here's what it means for your pocket — Deccan Herald (center)
- Centre fixes 0.4% fee on UPI merchant payments above Rs 2,000; remains free for person-to-person transactions — Deccan Herald (center)
- Some UPI transactions above Rs 2,000 to attract 0.4% fee; no charges for consumers — DNA India (center)
- Can merchants pass UPI charges to buyers? Key questions on MDR, its implementation answered — Hindustan Times (center)
- UPI MDR: Plea in SC challenges 0.4% fee on payments of above ₹2,000 — Hindustan Times (center)
- Modi government’s loot has reached UPI, says Congress; BJP hits back — Hindustan Times (center)
- Revised UPI MDR From Oct 15, Over ₹2,000 P2M Payments Charged, Free Under ₹2,000 — India Today (right-leaning)
- UPI Merchant Charges to Kick in Above ₹2,000 From Oct 15; Consumers Unaffected — India Today (right-leaning)
- UPI Transactions Above ₹2,000: 0.4% Merchant Fee Levied, Consumer Impact & Rules Explained — India Today (right-leaning)
- UPI to carry 0.4% charge on merchant transactions above Rs 2,000, person-to-person payments free — India TV English (right-leaning)
- OPINION | UPI charges: Who will pay? — India TV English (right-leaning)