{"id":1026144,"date":"2026-08-04T09:53:45","date_gmt":"2026-08-04T04:23:45","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1026144"},"modified":"2026-08-04T09:53:45","modified_gmt":"2026-08-04T04:23:45","slug":"finance-ministry-moves-to-enable-mdr-on-upi-heres-what-scrapping-zero-mdr-provision-means-for-upi-users","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/04\/finance-ministry-moves-to-enable-mdr-on-upi-heres-what-scrapping-zero-mdr-provision-means-for-upi-users\/","title":{"rendered":"Finance Ministry moves to enable MDR on UPI \u2014 Here&#8217;s what scrapping zero MDR provision means for UPI users"},"content":{"rendered":"<p>The Union Ministry of Finance has today proposed amendments to the Payment and Settlement Systems Act, 2007, which could in effect bring back merchant discount rates (MDR) on transactions done through the unified payments interface (UPI). Aimed at \u201cfunding UPI&#8217;s next phase of growth\u201d.<\/p>\n<p>The amendments would allow the ministry to enable MDR on UPI and propose scrapping of the zero MDR provision under Section 10A, which bars banks and payments system providers (PSPs) from imposing charges on online payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Ministry of Finance has today proposed amendments to the Payment and Settlement Systems Act, 2007, which could in effect bring back merchant discount rates (MDR) on transactions done through the unified payments interface (UPI). Aimed at \u201cfunding UPI&#8217;s next phase of growth\u201d. The amendments would allow the ministry to enable MDR on UPI and propose scrapping of the zero MDR provision under Section 10A, which bars banks and payments system providers (PSPs) from imposing charges on online payments.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-1026144","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1026144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1026144"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1026144\/revisions"}],"predecessor-version":[{"id":1026148,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1026144\/revisions\/1026148"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1026144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1026144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1026144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}