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The Economic Times

Economy / The Economic Times

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Payment Bill rekindles MDR hopes for large-value UPI

Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintech firms recover technology and infrastructure investments. The government is considering reintroducing MDR for UPI transactions with large merchants. These fees might apply to transactions exceeding two thousand rupees. This change aims to create revenue for payment companies while minimizing disruption.

4 Aug 2026 1:41 am