UPI new rules 2026 are set to change how certain merchant payments are handled in India from October 15, 2026. Under the new Merchant Discount Rate (MDR) framework, a 0.4% MDR will apply to specified person-to-merchant UPI transactions above ₹2,000. The change has raised questions among shoppers, small businesses, retailers and other UPI users about whether they will have to pay extra when making digital payments. The important point is that the MDR is a charge within the merchant payment ecosystem. According to the government, customers are not supposed to…
Read MoreUPI New Rules 2026: What the 0.4% MDR Charge Means for Customers and Merchants
