India’s payments infrastructure may be headed for its most significant pricing reset since UPI became the country’s dominant retail rail. The National Payments Corporation of India is considering a 0.4% merchant discount rate on certain UPI transactions, a move that could recover roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free. NPCI chief executive Dilip Asbe says the proposal is aimed at restoring investment capacity after six years of zero MDR and would largely fall on large merchants already accepting credit cards.
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"NPCI Plans 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year"
India’s payments infrastructure may be headed for its most significant pricing reset since UPI became the country’s dominant retail rail. The National Payments Corporation of India is considering a 0.4% merchant discount rate on certain UPI transactions, a move that could recover roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free. NPCI chief executive Dilip Asbe says the proposal is aimed at restoring investment capacity after six years of zero MDR and would largely fall on large merchants already accepting credit cards.
NPCI Plans 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year
R
RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (05:45 AM IST)•5 min read
India’s payments infrastructure may be headed for its most significant pricing reset since UPI became the country’s dominant retail rail. The National Payments Corporation of India is considering a 0.4% merchant discount rate on certain UPI transactions, a move that could recover roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free. NPCI chief executive Dilip Asbe says the proposal is aimed at restoring investment capacity after six years of zero MDR and would largely fall on large merchants already accepting credit cards.
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