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Wire · operational-macro

MDR on P2M transactions in UPI can be less than 0.25% to compensate stakeholders

6 August 2026 · By · Wire by Fusion42

Published

6 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at thehindubusinessline.com →

◆ Verified

Fusion42 · 6 August 2026 · Fusion42 review

The Indian government has proposed that the merchant discount rate (MDR) on person-to-merchant (P2M) transactions via UPI be capped below 0.25% to ensure fair compensation for stakeholders involved in digital payments.

This Wire brief sits within Fusion42's coverage of Fintech, and 44 sources have reported it between 19 Jul 2026 and 7 Oct 2026.

◆ ◆ The Wire takeaway

Your fintech payments business in India must reconfigure pricing models now that MDR on UPI is set to fall below 0.25%. This will squeeze margins for payment gateways but open broader adoption opportunities for low-cost UPI solutions.

◆ Coverage

44 sources · first reported 19 Jul 2026 · latest 7 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupimdr-capdigital-paymentsfintech-regulationindia