Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief
A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving a long-running debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the trade-off between keeping UPI free for users and ensuring a sustainable revenue model for banks, payment firms and merchants.
