Five Congress MPs, Including P Chidambaram, Were On Panel That Backed UPI Fee, But Did Not Dissent

News18 - Sep 17, 2026

The controversy comes as the Centre moves to implement MDR on specified merchant UPI transactions above Rs 2,000.

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Effective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 300. Besides, a flat concessional MDR rate of Rs 5 would be applicable on specific merchant categories such as railways, telecom services, insurance, and fuel for transaction above Rs 2,000.

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