Indian Govt Serves up the UPI MDR Removal That the Payments Industry Has Been Waiting For

Medianama

"The Indian government appears to be preparing to let banks and payment apps charge merchants for UPI transactions again, by amending the Payment and Settlement Systems Act to undo the zero-MDR regime it had initiated in 2019. The government is looking to amend the same section, in order to enable charging of MDR to merchants, with the MDR determined by government notification."