DFS clarifies UPI MDR is not passed on to customers
The Department of Financial Services said a circulated screenshot reflected merchant-side settlement on a RuPay credit-card-linked UPI payment, not a customer charge. Eligible small-merchant UPI transactions up to Rs 2,000 continue to carry zero MDR under applicable rules.
What happened
DFS said UPI MDR is not passed to customers; a circulated screenshot reflected merchant-side settlement for a RuPay credit-card-linked UPI payment. Direct
Key facts
- Rs 2,000
- Rs 20 lakh
Why this matters
Prioritize partnerships that help merchants distinguish bank-account UPI from RuPay credit-card-linked UPI, including settlement transparency, routing, and reconciliation tools.