Wire · regulatory
New UPI MDR rules from October 15: What changes for fuel, railway tickets and 3 other key ...
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Fusion42 · 19 September 2026 · Fusion42 review
From October 15, UPI payments over ₹2,000 for fuel, railway tickets, telecom, insurance, and agricultural inputs will incur a flat ₹5 MDR for merchants, while other P2M transactions above ₹2,000 will face a 0.4% MDR capped at ₹300. Small merchants receiving up to ₹1 lakh/month via UPI QR codes retain zero MDR, ensuring continued cost-free acceptance for small-value transactions.
This Wire brief sits within Fusion42's coverage of Fintech, and 13 sources have reported it between 16 Sep 2026 and 29 Sep 2026.
◆ ◆ The Wire takeaway
Fixed MDR on key sectors shields your cost exposure on big transactions but raises expenses on other large payments. You must examine your pricing and cash flow models now as changes arrive next month.
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13 sources · first reported 16 Sep 2026 · latest 29 Sep 2026
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