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Lifestyle News

The Times of India

Lifestyle / The Times of India

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IIT-B report wants UPI MDR cut; says banks should forgo their share

The study recommends setting the MDR share for TPAPs at 0.06%, lower than the 0.08% proposed by the National Payments Corporation of India (NPCI), while keeping the PSP share unchanged at 0.02%. Under the existing arrangement, banks that issue and acquire transactions collectively receive the bulk of the revenue, with a 70% share split between them

12 Oct 2026 5:00 pm