{"id":1037537,"date":"2026-09-22T08:44:56","date_gmt":"2026-09-22T03:14:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1037537"},"modified":"2026-09-22T08:51:03","modified_gmt":"2026-09-22T03:21:03","slug":"government-may-do-away-with-upi-subsidies-as-mdr-revenue-kicks-in","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/22\/government-may-do-away-with-upi-subsidies-as-mdr-revenue-kicks-in\/","title":{"rendered":"Government may do away with UPI subsidies as MDR revenue kicks in"},"content":{"rendered":"<p>Mumbai: The government could discontinue subsidies for low-value Unified Payments Interface transactions following the introduction of merchant discount rate (MDR) on larger UPI payments, as banks and payment companies begin earning transaction-linked revenue from the network, people familiar with the matter said. <\/p>\n<p>The Centre has budgeted \u20b92,000 crore for incentives on UPI and RuPay transactions in FY27, but no fresh subsidy has been paid for transactions undertaken since April 2025, the people said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The government could discontinue subsidies for low-value Unified Payments Interface transactions following the introduction of merchant discount rate (MDR) on larger UPI payments, as banks and payment companies begin earning transaction-linked revenue from the network, people familiar with the matter said. The Centre has budgeted \u20b92,000 crore for incentives on UPI and RuPay transactions in FY27, but no fresh subsidy has been paid for transactions undertaken since April 2025, the people said.<\/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":[59,4,10],"tags":[],"class_list":["post-1037537","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037537","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=1037537"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037537\/revisions"}],"predecessor-version":[{"id":1037564,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037537\/revisions\/1037564"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1037537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1037537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1037537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}