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    Who has to pay MDR on UPI and who stands to gain the most? | Explained

    The Hindu
    September 16, 2026
    via The Hindu

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    Who has to pay MDR on UPI and who stands to gain the most? | Explained

    What is the new UPI MDR system? Who will have to pay the charges? Which transactions will remain free? How much could banks and payment platforms earn?

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