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Wire · operational-macro

India Must Retain Zero MDR for Small Merchants to Protect UPI's Inclusion Gains: Industry Experts

21 August 2026 · By · Wire by Fusion42

Published

21 August 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at thefinancialworld.com →

◆ Verified

Fusion42 · 22 August 2026 · Fusion42 review

Industry experts urge the Indian government to maintain zero Merchant Discount Rate (MDR) for small merchants on UPI transactions to preserve financial inclusion gains and affordability for low-value payments.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 20 Aug 2026 and 21 Aug 2026.

◆ ◆ The Wire takeaway

You must plan for continued zero fees on small UPI payments in India, keeping your offerings affordable to micro-merchants and preserving user growth in low-value segments.

◆ Coverage

2 sources · first reported 20 Aug 2026 · latest 21 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupimdrfinancial-inclusionindiapayments-regulation