Who Bears The Cost Of UPI Payments? The MDR Debate Explained

By NDTV Profit

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Every time someone scans a QR code to pay a vegetable vendor, a cab driver or a large retail chain, that transaction moves through UPI at zero cost to everyone involved. No fee for the customer, no fee for the merchant, no fee shared between the banks and apps that make the payment happen instantly. That is by design, and it is the single biggest reason UPI has grown into the backbone of Indian retail payments, handling person-to-merchant transactions worth roughly Rs 8 lakh crore a month. #upi #upicharges #digitalpayments #mdr #nirmalasitharaman #upipayments #fintech For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports Follow NDTV Profit here Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit LinkedIn: https://www.linkedin.com/company/ndtvprofit

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