BharatPe backs UPI MDR framework, says most merchant payments stay unaffected
BharatPe said UPI will remain free for consumers and micro/small merchants under the new MDR framework. A 0.4% fee on merchant transfers above ₹2,000 from October 15 would affect about 4% of P2M transactions, it said.
What happened
BharatPe backed India’s new UPI MDR framework, saying consumers and micro/small merchants will continue to face zero charges. It said the 0.4% fee on merchant
Key facts
- 0.4% MDR fee
- UPI merchant transfers above ₹2,000
- October 15
- approximately 96% of P2M transactions unaffected
- zero MDR for micro and small merchants under P2PM
What changed
BharatPe backed India’s new UPI MDR framework, saying consumers and micro/small merchants will continue to face zero charges. It said the 0.4% fee on merchant payments above ₹2,000 will support payment infrastructure and leave roughly 96% of P2M transactions unaffected.
Why this matters
Retailers should assess exposure to the 0.4% UPI MDR on merchant payments above ₹2,000 from October 15, while smaller-ticket transactions and consumer pricing are likely to remain largely unaffected.