Good news for Paytm, One Mobiwik? NPCI introduces MDR on UPI payments above Rs 2,000
The National Payments Corporation of India (NPCI) has introduced a Merchant Discount Rate (MDR) of up to 0.4% on UPI Person-to-Merchant (P2M) transactions above Rs 2,000. Paytm, One Mobiwik and other digital payment stocks are in focus on hopes of additional revenue once it is effective.
The new charge will come into effect from October 15. Important to note that there will be no charge on customers for UPI payments.
