Positive impactSector
UPI MDR: Can Rs 6,000 be split into three Rs 2,000 payments? No daily cap
Times of India 1 hr ago·19 Sept 2026, 3:30 pm
NPCI clarified that under the current UPI merchant discount rate (MDR) rules, a single bill of Rs 6,000 can be settled as three separate Rs 2,000 transactions. The FAQs do not require the payments to be combined, and there is no daily cap limiting the number of such splits.
For merchants, this means they can keep each transaction under the Rs 2,000 threshold that often attracts lower MDR rates, potentially reducing the cost of accepting UPI payments. Consumers also gain flexibility to pay larger amounts in smaller chunks without hitting a daily limit.
Investors should watch for any further guidance from NPCI or the RBI that could modify the MDR framework, as well as how payment service providers adjust pricing. Shifts in transaction volumes or fee structures could affect earnings of fintech and payment‑gateway firms.
Key takeaways
- Category: Sector.
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