Targeted MDR on high‑value UPI payments could unlock Rs 15,000–30,000 crore revenue

New Delhi, Aug 25 (IANS) India’s Unified Payments Interface ecosystem is entering a phase focused on long‑term sustainability, with proposed targeted Merchant Discount Rates on select higher‑value merchant transactions potentially generating Rs 15,000–30,000 crore in gross revenue opportunity, a report said on Tuesday.

The report from CareEdge Ratings projected the revenue based on a potential MDR-addressable pool of Rs 61.13 lakh crore in FY26 and a nominal MDR of 0.25 per cent to 0.50 per cent on select higher-value merchant transactions, while keeping consumers and P2P payments free.