Negative impactEconomy
UPI MDR row reaches SC: Plea against merchant charges on payments above ₹2,000 to be heard on Monday
Mint 5 hrs ago·27 Sept 2026, 9:36 am
The Supreme Court will hear a petition on Monday challenging the Centre’s decision to impose a merchant discount rate (MDR) on UPI transactions above ₹2,000, a rule that is set to take effect on October 15.
The MDR would require merchants to pay a fee on higher‑value digital payments, potentially raising costs for small businesses and slowing the shift from cash to UPI for larger purchases. For investors, the change could affect revenue streams of banks, payment processors and fintech firms that earn from transaction fees.
Investors will be watching the court’s ruling for any stay or modification, as well as the speed of implementation. Further regulatory guidance or industry push‑back could also shape the impact on payment volumes and profitability.
Excerpt from Mint
The Supreme Court will review a petition against the Centre's MDR on UPI transactions over ₹ 2,000, which will come into effect on October 15. Full details here. The Supreme Court is scheduled to hear on Monday a plea challenging the Centre's decision to introduce a merchant discount rate (MDR) on certain…Read the original at Mint
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- Category: Economy.
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