UPI customers will never be charged, new MDR framework to fund ecosystem: PhonePe CEO
The new Merchant Discount Rate (MDR) framework for UPI transactions will not impose any charges on customers and stated that the move is necessary to make India's digital payments ecosystem financially sustainable, PhonePe CEO Sameer Nigam said on Wednesday.
By Uma DeviEthiopia
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The new Merchant Discount Rate (MDR) framework for UPI transactions will not impose any charges on customers and stated that the move is necessary to make India's digital payments ecosystem financially sustainable, PhonePe CEO Sameer Nigam said on Wednesday.
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About this article
- Length
- 39 words · 1 min read
- Published
- September 16, 2026
- Byline
- Uma Devi
- Source
- The Munsif Daily