Deccan Herald ·
Economy, business and finance
Introduction of MDR on large value transactions to strengthen UPI's long-term sustainability: RBI
The Reserve Bank of India introduces a 0.4% MDR on UPI merchant transactions over Rs 2,000 from October 15 to strengthen digital payment infrastructure and long-term sustainability.
RBI further said a fair and appropriate distribution of MDR across ecosystem participants will support continued investment in technology, infrastructure and acceptance networks.