A 0.4% merchant discount rate will apply to specified UPI person-to-merchant payments above ₹2,000 from 15 October, while consumers, P2P transfers and small payments stay free. BulletsIn The revised UPI framework takes effect on 15 October 2026 and applies to selected person-to-merchant (P2M) transactions. A 0.4% merchant discount rate (MDR) applies to P2M UPI payments
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A 0.4% merchant discount rate will apply to specified UPI person-to-merchant payments above ₹2,000 from 15 October, while consumers, P2P transfers and small payments stay free. BulletsIn The revised UPI framework takes effect on 15 October 2026 and applies to selected person-to-merchant (P2M) transactions. A 0.4% merchant discount rate (MDR) applies to P2M UPI payments
