India’s middle class has always been the backbone of the nation’s economic aspirations. They are the early adopters of new technologies, the primary drivers of consumption, and the segment that most willingly embraces government initiatives aimed at modernization. Yet, time and

India is exploring the reintroduction of a modest Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions exceeding ₹3,000. This potential shift aims to bolster the sustainability of the country’s booming digital payments system without impacting everyday users. UPI charges Since UPI’s launch in 2016 and the removal of MDR in early 2020, it […]