TechET Techabout 2 hours ago
MDR Return on UPI Reshapes Bank Budgets
4 min read
From October 15, eligible UPI merchant payments above Rs 2,000 will carry a 40-basis-point merchant discount rate. Goldman Sachs projects a Rs 26,200-crore pool by fiscal 2028, with Rs 13,100 crore going to banks. Banks are reassessing budgets and product roadmaps, potentially helping agent-led payments, delegated payments and business collection tools move beyond pilots.
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