From Oct 15, 2024, changes take effect in how certain UPI payments are charged, focusing on MDR (merchant discount rate) and transaction types, according to NDTV. UPI AutoPay payments for mutual fund SIPs, OTT subscriptions, and utility bills are set to be exempt from MDR.
At the same time, the changes address specific one-time person-to-merchant (P2M) transactions. NDTV reports that only select one-time P2M transactions above Rs 2,000 will attract MDR, while other categories are handled differently under the revised framework.
The outlet’s coverage frames the update as a targeted shift for recurring UPI payments used for financial and digital services, alongside a threshold-based rule for higher-value one-time payments. The details provided are specific to the Oct 15 start date and the treatment of MDR across the mentioned payment categories.
