India’s UPI MDR Starts Oct 15: What the 0.4% Merchant Fee Means for Fintechs and Merchants (Oct 2026)
India will start charging a merchant discount rate (MDR) on some Unified Payments Interface (UPI) payments on Oct. 15, 2026. The fee is 0.4% on person-to-merchant (P2M) payments above ₹2,000, capped at ₹300, and it ends the zero-MDR regime UPI…
