Industry Reports

Sebi discusses new UPI merchant charges with NPCI as brokers flag cost concerns

Thursday, October 15, 2026 - 23:01
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Sebi discusses new UPI merchant charges with NPCI as brokers flag cost concerns
The new framework mandates an MDR of 0.4% on person-to-merchant (P2M) UPI transactions above ₹2,000. For transactions of ₹75,000 and above, the fee is capped at ₹300 per transaction.

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