UPI MDR opens new revenue pool for fintechs, but distribution will decide gains

India's NPCI will impose a 0.4% MDR on UPI merchant transactions above Rs 2,000 from October 15, creating a new revenue stream for fintechs while preserving free low-value payments and exempting consumers and person-to-person transfers.

This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it.