NPCI to introduce 0.4% MDR on UPI merchant payments
NPCI will charge a 0.4% MDR on UPI person-to-merchant (P2M) transactions above Rs 2,000 from 15 October. Person-to-person transfers will remain free.
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Paytm and One Mobikwik shares rise on UPI MDR framework
Paytm’s parent One 97 Communications and One Mobikwik rose in opening trade after NPCI announced a new MDR framework for select UPI transactions.