Free to Fee: 0. 4% on UPI Payments Over Rs 2,000 The National Payments Corporation of India's decision to introduce a 0.
4% merchant discount rate (MDR) on transactions above Rs 2,000 has sparked debate over its impact on financial inclusion and merchant costs.
The NPCI argues that this move will help sustain UPI operations and encourage wider acceptance of digital payments, but others see it as an attempt to compensate for the government's lack of investment in digital infrastructure.