UPI MDR on transactions above Rs 2,000: RBI says move 'will strengthen long-term sustainability of India's digital payments ecosystem'

In a post on social media platform X, the central bank said the introduction of MDR on UPI transactions above Rs 2,000 is an important step towards strengthening the long-term sustainability of India’s digital payments ecosystem and ensuring that UPI can continue to scale, innovate and serve consumers and businesses across the country.