UPI MDR Could Reach 47.2 bps for Merchants After GST, Raising Costs on High-Value Digital Payments
India’s new UPI merchant fee framework could translate into an effective cost of about 47.2 basis points for businesses once GST is included, according to the structure announced for person-to-merchant transactions above Rs 2,000. The charge, set at 0.4% MDR and capped at Rs 300 for transactions of Rs 75,000 and above, takes effect from October 15, while consumers will not be charged.
