Neutral impactSector

UPI MDR won't make payment fintechs profitable overnight: Industry leaders

Economic Times 7 hrs ago·17 Sept 2026, 1:30 am

While the 0.4% MDR on select high-value UPI transactions creates a new revenue pool for the payments ecosystem, industry leaders say it will only partially offset years of zero-MDR economics and make profitability dependent on scale and adjacent businesses.

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