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News & Regulatory Updates
UPI MDR From October 15, 2026: What Changes, Who Pays and How It Compares With Credit Cards
Under the new framework taking effect October 15, 2026, specified merchant UPI transactions above ₹2,000 attract a 0.4% MDR capped at ₹300. Consumers remain free from charges, and RuPay on UPI sits under its own credit rules. Here is how the numbers, exemptions, and card economics compare.
17 Sept 2026
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