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UPI MDR: Will Merchants Pass It on? | WION Biz Lens
WION
September 18, 2026
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UPI payments are about to enter a new phase. From October 15, a 0.4% Merchant Discount Rate (MDR) will apply to specified merchant transactions above ₹2,000. But if customers don’t pay it, then who bears the cost? In this episode of the Biz Lens, we break down what the new MDR me
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