Will UPI payments remain free forever? Bernstein says consumers likely to stay unaffected; 30-40 bps MDR possible

UPI users are unlikely to pay any charges even if the government decides to allow a Merchant Discount Rate (MDR) on UPI transactions in the future, according to a report by global brokerage firm Bernstein.

The report, cited by ANI on 5 August, mentioned that “a merchant-funded MDR of 30-40 basis points (bps) appears to be the most likely outcome if the government decides to permit such charges.”