Unverified50% confidenceFactExact time

India had previously explicitly prohibited the levying of MDR on UPI transactions initiated from savings accounts in 2020

1

Sources

50%

Confidence

Long-term

Relevance

9/15/2026

First Seen

Sources

India's UPI to Charge for Large Transactions: How a 0.4% Merchant Fee Will Reshape Digital Payments

Related Entities

UPIproduct 印度concept MDRconcept

Related Claims

UnverifiedStarting October 15, certain high-value payments made via UPI will be subject to a 0.4% merchant discount rate (MDR)57% similar UnverifiedAnthropic forcibly logged out affected accounts and deleted their linked payment methods.52% similar

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