EXPLAINERS4 min read
India Waives MDR for UPI Under ₹2,000: A Game-Changer for Digital Payments and Small Businesses
The Indian government has officially removed the Merchant Discount Rate (MDR) for UPI and RuPay debit card transactions below ₹2,000, effective January 1, 2020. This significant policy aims to accelerate digital payment adoption across India, making small-value transactions free for merchants and co