New UPI MDR policy will not affect three-fourths of merchants: NPCI chief
Mumbai, Sep 24 (IANS) Around three-fourths of India’s digital payment-accepting merchants will remain unaffected by the newly introduced merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions above Rs 2,000, as they have never recorded a transaction exceeding that amount, National Payments Corporation of India (NPCI) Managing Director and Chief Executive Officer Dilip Asbe said on Thursday.