UPI MDR GST: 96% Of Transactions Unaffected, Says NPCI

NPCI refuted media reports alleging GST on UPI MDR will burden small merchants and raise digital payment costs. MDR applies only to P2M transactions above Rs 2,000; transactions up to Rs 2,000 have zero MDR and zero GST. Over 96% of UPI merchant transactions are exempt. Merchants with monthly UPI receipts up to Rs 1 lakh pay no MDR. P2P UPI remains free.