Wire · operational-macro
Payment aggregators push for fixed and direct share of UPI MDR
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 27 August 2026 · Fusion42 review
Payment aggregators in India are pushing for a fixed and direct share of the merchant discount rate (MDR) on UPI transactions following a new law permitting MDR fees, aiming to secure revenue directly rather than through partner banks to cover merchant onboarding and servicing costs.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You must anticipate direct revenue changes as payment aggregators push for a fixed MDR share on UPI transactions, sidestepping banks. This shift means revisiting your revenue models and contracts with partners to protect your margins.
◆ Coverage
1 source · 27 Aug 2026
◆ Related on Wire
◆ Topics