{"id":1041767,"date":"2026-10-08T09:35:24","date_gmt":"2026-10-08T04:05:24","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1041767"},"modified":"2026-10-08T09:58:35","modified_gmt":"2026-10-08T04:28:35","slug":"upi-mdr-small-fee-will-not-have-major-impact-on-volumes-rbi-governor-sanjay-malhotra","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/08\/upi-mdr-small-fee-will-not-have-major-impact-on-volumes-rbi-governor-sanjay-malhotra\/","title":{"rendered":"UPI MDR small fee will not have major impact on volumes: RBI Governor Sanjay Malhotra"},"content":{"rendered":"<p>Reserve Bank of India Governor Sanjay Malhotra on Wednesday said a &#8220;small fee&#8221; in the form of merchant discount rate (MDR) will not have a &#8220;major impact&#8221; on UPI transaction volumes, while assuring that the central bank will ensure stability in the rupee and support it in finding its &#8220;correct value&#8221;. <\/p>\n<p>&#8220;As of now, we do not see any drop in volumes. And I don&#8217;t personally think that a small fee will have a major impact on the volumes,&#8221; he told reporters at the central bank headquarters here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India Governor Sanjay Malhotra on Wednesday said a &#8220;small fee&#8221; in the form of merchant discount rate (MDR) will not have a &#8220;major impact&#8221; on UPI transaction volumes, while assuring that the central bank will ensure stability in the rupee and support it in finding its &#8220;correct value&#8221;. &#8220;As of now, we do not see any drop in volumes. And I don&#8217;t personally think that a small fee will have a major impact on the volumes,&#8221; he told reporters at the central bank headquarters here.<\/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-1041767","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\/1041767","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=1041767"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1041767\/revisions"}],"predecessor-version":[{"id":1041786,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1041767\/revisions\/1041786"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1041767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1041767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1041767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}