UPI still free, but there’s a catch: How new MDR works & could cash payments make a comeback?
NPCI has introduced a 0.4% MDR on specified person-to-merchant (P2M) UPI transactions above Rs 2,000. NEW DELHI: Will UPI payments no longer be free? Will you have to pay extra for transactions above Rs 2,000? The new MDR rules have triggered a wave of questions over what exactly changes from October 15 and who will…