Explainer
UPI MDR to be implemented after Diwali
The UPI MDR rollout, which was announced from October 15, will be implemented post Diwali.
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The UPI MDR rollout, which was announced from October 15, will be implemented post Diwali.
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.