BusinessAI imageMDR Charges Explained for UPI Payments Above Rs 2,000
Merchant Discount Rate (MDR) is a fee merchants pay when accepting payments via credit or debit cards. For UPI payments above Rs 2,000 made from person to merchant, MDR applies. However, person-to-person UPI transactions remain free with no MDR charges. This clarifies who bears the cost and what changes for users in UPI payments.
The Times Of India·


