{"id":1036217,"date":"2026-09-17T09:09:15","date_gmt":"2026-09-17T03:39:15","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1036217"},"modified":"2026-09-17T09:24:21","modified_gmt":"2026-09-17T03:54:21","slug":"mdr-on-upi-to-generate-revenue-of-rs-16k-20k-crore-brokerages","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/17\/mdr-on-upi-to-generate-revenue-of-rs-16k-20k-crore-brokerages\/","title":{"rendered":"MDR on UPI to generate revenue of Rs 16k\u201320k crore: Brokerages"},"content":{"rendered":"<p>Following the introduction of the merchant discount rate (MDR), brokerages expect a new revenue pool for the payments industry, estimated at Rs 16,000\u2013Rs 20,000 crore by FY28, and have accordingly revised earnings estimates for payment aggregators. <\/p>\n<p>Under the revised framework, eligible person-to-merchant (P2M) transactions exceeding Rs 2,000 will be subject to a 0.4% merchant discount rate (MDR), with a maximum charge of Rs 300 per transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the introduction of the merchant discount rate (MDR), brokerages expect a new revenue pool for the payments industry, estimated at Rs 16,000\u2013Rs 20,000 crore by FY28, and have accordingly revised earnings estimates for payment aggregators. Under the revised framework, eligible person-to-merchant (P2M) transactions exceeding Rs 2,000 will be subject to a 0.4% merchant discount rate (MDR), with a maximum charge of Rs 300 per transaction.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1036217","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036217","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1036217"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036217\/revisions"}],"predecessor-version":[{"id":1036240,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036217\/revisions\/1036240"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1036217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1036217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1036217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}