Topic signal in India
Updated Aug 7, 2026
payment and settlement systems act amendment
The Indian government has initiated steps to levy Merchant Discount Rate (MDR) on UPI transactions by proposing a bill to repeal the previous zero MDR amendment.
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- Region
- India
- Observed
- Aug 7, 2026
- Searches
- 2K+
- Growth
- 400%
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The Indian government has initiated steps to levy Merchant Discount Rate (MDR) on UPI transactions by proposing a bill to repeal the previous zero MDR amendment.
The Indian government is moving to amend the Payment and Settlement Systems Act to introduce a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions. This amendment includes a bill proposing to repeal an earlier amendment that mandated zero MDR for UPI payments. The Finance Minister clarified that MDR charges will not be applied directly to customers.
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