{"id":1037983,"date":"2026-09-23T09:27:16","date_gmt":"2026-09-23T03:57:16","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1037983"},"modified":"2026-09-23T09:48:44","modified_gmt":"2026-09-23T04:18:44","slug":"mdr-charges-on-upi-transactions-could-spell-big-bonanza-for-phonepe-google-pay","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/23\/mdr-charges-on-upi-transactions-could-spell-big-bonanza-for-phonepe-google-pay\/","title":{"rendered":"MDR charges on UPI transactions could spell big bonanza for PhonePe, Google Pay"},"content":{"rendered":"<p>Walmart-backed PhonePe and Google Pay could earn hundreds of millions of dollars a year in extra revenue from India&#8217;s move to allow merchant fees on its widely used Unified Payments Interface (UPI) digital payment network, entrenching the dominant apps&#8217; lead over smaller rivals.<\/p>\n<p>The end of UPI&#8217;s six-year reign as a free network will give PhonePe and Google Pay, which together accounted for 80% of UPI payment values last month, the firepower to expand to rural areas, while prompting rivals to chase higher-value transactions to draw users and fees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walmart-backed PhonePe and Google Pay could earn hundreds of millions of dollars a year in extra revenue from India&#8217;s move to allow merchant fees on its widely used Unified Payments Interface (UPI) digital payment network, entrenching the dominant apps&#8217; lead over smaller rivals. The end of UPI&#8217;s six-year reign as a free network will give PhonePe and Google Pay, which together accounted for 80% of UPI payment values last month, the firepower to expand to rural areas, while prompting rivals to chase higher-value transactions to draw users and fees.<\/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":[83,4,22],"tags":[],"class_list":["post-1037983","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037983","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=1037983"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037983\/revisions"}],"predecessor-version":[{"id":1037994,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037983\/revisions\/1037994"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1037983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1037983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1037983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}