Global Edition
Global Edition
UK Edition
EU Edition
US Edition

Verilumia

The Daily Verified Briefing

Markets

India finance minister says MDR will apply to merchants

Published 8 August 2026

Finance Minister Nirmala Sitharaman has clarified that any future Merchant Discount Rate (MDR) on digital transactions like UPI and RuPay would apply only to merchants, not to end customers.

0:00 / 0:00