The Economic Times, citing sources, says a 0.4% transaction fee would be split between the issuing bank (40%), payment app provider (30%) and acquiring bank (30%).
The Economic Times said on September 11, 2026, that a notification on UPI merchant discount rates (MDR) for businesses was likely to be issued soon. It reported a fee of 40 basis points, equivalent to 0.4% of a transaction’s value. Citing sources, it said the issuing bank would keep 40% of the fee, while payment app providers such as PhonePe or Google Pay and the acquiring bank would get 30% each.
4.7K
1 post, first seen 5h ago
The Economic Times, citing sources, says a 0.4% transaction fee would be split between the issuing bank (40%), payment app provider (30%) and acquiring bank (30%).
The Economic Times said on September 11, 2026, that a notification on UPI merchant discount rates (MDR) for businesses was likely to be issued soon. It reported a fee of 40 basis points, equivalent to 0.4% of a transaction’s value. Citing sources, it said the issuing bank would keep 40% of the fee, while payment app providers such as PhonePe or Google Pay and the acquiring bank would get 30% each.
Economic Times@EconomicTimesUPI MDR notification likely to be out for businesses soon; banks to pocket bulk of 40 bps fee
Not enough discussion yet.
No sentiment analysis available yet.
Not enough discussion yet.
No sentiment analysis available yet.
Economic Times@EconomicTimesUPI MDR notification likely to be out for businesses soon; banks to pocket bulk of 40 bps fee
—
Not ranked yet
—
Not ranked yet