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India to levy 0.4% UPI MDR on merchant payments above Rs 2,000 from Oct 15

India will levy a 0.4% UPI merchant discount rate on P2M payments above Rs 2,000 from October 15, while customers remain exempt. Paytm said the change creates merchant-payment revenue; its shares rose over 7%.

UPI person-to-merchant payments above ₹2,000 to carry a 0.4% MDR from Oct 15
MDR on UPI person-to-merchant transfers above ₹2,000
0.4%
MDR cap for payments of ₹75,000 and above
₹300

Newer report , , Moneycontrol : Nomura initiates Paytm at Buy with Rs 2,250 target as NPCI defers UPI MDR framework until after Diwali

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Reported figures

From the report. Source details below

MDR capped at Rs 300 for payments of Rs 75,000 and above
Paytm shares rose 7.24% to Rs 1,856.50
MobiKwik shares initially rose 5.96% before trading 2% lower
Pine Labs shares initially rose 2.68% before trading 7% lower

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