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Wire · operational-macro

Bank of India Projects ₹100 Crore Quarterly Boost from Proposed UPI MDR

24 October 2026 · By · Wire by Fusion42

Published

24 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at psuindia.com →

◆ Verified

Fusion42 · 24 October 2026 · Fusion42 review

Bank of India expects to boost quarterly revenue by ₹100 crore due to a new 0.4% Merchant Discount Rate on UPI merchant transactions above ₹2,000, reversing a zero-fee policy since 2020 and creating a large new fee pool for banks and payment operators.

This Wire brief sits within Fusion42's coverage of Fintech, and 45 sources have reported it between 19 Jul 2026 and 15 Oct 2026.

◆ ◆ The Wire takeaway

You now have a new revenue source from banks charging on high-value UPI payments over ₹2,000. Payment apps and fintech companies face fresh competition as banks gain a direct cut that could affect pricing and partnerships.

◆ Coverage

45 sources · first reported 19 Jul 2026 · latest 15 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupimdrdigital-paymentsbank-revenueindia