Payments & Fintech #rbi#upi
RBI Governor Says 'Someone Has to Pay' on UPI MDR Above Rs 2,000
India is expected to allow a Merchant Discount Rate of 0.25% to 0.4% on UPI transactions above Rs 2,000 made to businesses. RBI Governor Sanjay Malhotra said the costs have to be paid by someone, while P2P payments are likely to remain exempt.
Aug 5, 2026 1 source