Explore the latest news, in-depth reports, and executive analysis tagged with #Merchant Discount Rate.
The government's decision to reintroduce MDR has triggered a debate among merchants and the payments industry.
UPI's new 0.4% MDR grabbed headlines, but the real story is who profits. By our estimates, the top three UPI apps could get up to 40% of the MDR split.
The NPCI framework also proposes a flat Rs 5 MDR on UPI transactions above Rs 2,000 for specified merchant categories.
This video captures the economics, the loopholes, who actually wins if MDR returns, and why the government might be playing a longer game than just UPI.
In this edition, we revisit the longest-running payments debate i.e. UPI MDR; and we explore what happens when sovereign AI, venture capital and national interest collide.
While the government insists UPI is free, hidden charges, unsustainable incentives, and industry frustrations tell a different story.
