Government directive mandates zero MDR on RuPay and UPI transactions.
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RuPay
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RuPay
A smartphone displays a UPI payment interface at a merchant checkout counter in India.
Indian credit card transactions surge, average spend declines.
UPI interface on a smartphone with digital growth graphics and Indian currency.
Hand holding SBI RuPay debit card at ATM with transaction details and fee indicator.
Automated assembly line in an Indian electronics manufacturing facility.
Person paying with smartphone and EazyDiner IndusInd Bank Platinum Credit Card at a restaurant
Customer shows successful digital payment to vendor in Indian market.
Lok Sabha Passes Taxation Bill Amid Protests, Enabling UPI Fees
Indian merchant processing a digital payment in a retail store
UPI Transactions Face Potential MDR Reintroduction Amid Policy Shift
Interior of a high-tech data center in India, with rows of server racks.
Infographic: New UPI Credit Cards Drop: Maximize Cashback on Every Scan