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Wire · operational-macro

UPI MDR Charges: Merchants Cannot Pass On Fees To Customers

6 October 2026 · By · Wire by Fusion42

Published

6 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at m.rediff.com →

◆ Verified

Fusion42 · 7 October 2026 · Fusion42 review

India's new UPI Merchant Discount Rate (MDR) policy from October 15 forbids merchants from passing digital payment fees to customers and applies a 0.4% fee capped at Rs 300 for transactions above Rs 2,000, with small transactions and certain sectors subject to zero or flat fees.

This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 8 Oct 2026.

◆ ◆ The Wire takeaway

You now face a fixed bill for UPI fees that you cannot pass to customers. Adjust your cost models and sales strategies to absorb the fees without pushing prices up or losing volume.

◆ Coverage

45 sources · first reported 19 Jul 2026 · latest 8 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupimdrdigital-paymentsmerchant-feesregulationindia