Could MDR revive credit and debit cards? Survey suggests higher-value UPI payments may decline
2 sources·Updated August 4, 2026
Covered by 2 sources
- Business Today IN·12h agoCould MDR revive credit and debit cards? Survey suggests higher-value UPI payments may decline
According to the survey, more than five in 10 UPI users are likely to move away from the platform for higher-value transactions if an MDR is levied and recovered from consumers.
Read at Business Today IN → - Mint Business·18h ago53% may stop using UPI for payments above ₹3,000 if MDR returns, survey claims. What are Merchant Discount Rates?
The survey found that 53% of respondents would move away from UPI for transactions above ₹3,000 if an MDR is imposed on large merchants.
Read at Mint Business →
