Archive · 12 Jun 2025
Finance Ministry: No MDR on UPI Transactions
The government wants to make sure that paying with UPI is easy and doesn't cost extra.
Some people thought there might be a new fee called MDR for using UPI.
The government said this isn't true and won't happen.
They want everyone to keep using UPI without worrying about extra charges.
This helps people pay for things easily using their phones.
Finance Ministry confirms no MDR on UPI transactions.
Reports on social media sparked speculation about MDR implementation.
The ministry refuted the claims, calling them false and misleading.
MDR is a fee merchants pay for digital transactions.
UPI transactions reached a record high of Rs 25.14 lakh crore in May.
- Who
- The Union Finance Ministry.
- What
- The Finance Ministry stated that there would be no Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions.
- When
- The announcement was made following speculation, with the ministry's clarification on Wednesday.
- Where
- India
- Why
- To reassure the public and stakeholders of the government's commitment to affordable digital payments via UPI and to counter false reports.
Finance Ministry
News Outlets and Social Media
MDR Implementation
Finance Ministry
No MDR will be levied on UPI transactions.
News Outlets and Social Media
Reports suggested MDR might be imposed on large transactions.
- MDR Status
- No MDR charges on UPI transactions.
- Ministry's Stance
- Committed to promoting digital payments via UPI.
- UPI Transaction Value (May)
- Rs 25.14 lakh crore
- UPI Transaction Volume (May)
- 1,867.7 crore transactions
