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What is Merchant Discount Rate or MDR? Here's what to know after revised UPI charges

What is Merchant Discount Rate or MDR? Here's what to know after revised UPI charges

National · 2 updates

What is Merchant Discount Rate or MDR? Here's what to know after revised UPI charges

As per the new rules, Person-to-Merchant (P2M) UPI payments above ₹2,000 will attract a 0.4 per cent Merchant Discount Rate (MDR).

Ghaziabad merchants unwilling to accept UPI from Oct 15 over new 0.4% MDR rule

As per the new rules, Person-to-Merchant (P2M) UPI payments above ₹2,000 will attract a 0.4% Merchant Discount Rate