SRINAGAR, KASHMIR, INDIA, SEPTEMBER 16, 2026: A customer scans a Unified Payments Interface (UPI) QR code to make a digital payment using a smartphone at a shop in Srinagar. From October 15, India will introduce a 0.4% Merchant Discount Rate (MDR) on certain person-to-merchant UPI transactions above ₹2,000, while consumers will not be directly charged. Photo by Umer Qadir / JNA Press. (Photo by Umer Qadir/JNA Press via Nexpher Images)

India introduces merchant fees on some UPI payments

SRINAGAR, KASHMIR, INDIA, SEPTEMBER 16, 2026: A customer scans a Unified Payments Interface (UPI) QR code to make a digital payment using a smartphone at a shop in Srinagar. From October 15, India will introduce a 0.4% Merchant Discount Rate (MDR) on certain person-to-merchant UPI transactions above ₹2,000, while consumers will not be directly charged. Photo by Umer Qadir / JNA Press. (Photo by Umer Qadir/JNA Press via Nexpher Images)

Credit: JNA Press / Contributor
Source: JNA Press
Collection: JNA Press
4000 x 2252, 1.97 MB
Published At: 9/17/2026, 9:07:10 PM
Created At: 9/16/2026, 6:30:00 PM
Editorial - RightsManaged
Image ID: 93586
Restrictions: This Image is restriction for Editorial Use Only, For Other Use Additional Clearance is Required, contact Nexpher Images for More.

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