The Economic Times

UPI payments above Rs 2000 to attract MDR after debit, credit cards? Heres what users need to know about the proposal

While there has been no official word from the government on this yet, it is learnt that the Centre could allow a levy of 0.25% to 0.4% as merchant discount rate (MDR) charges on UPI payments above Rs 2000. So, does this mean that the proposal will directly impact you? First understand what MDR is.