GENERAL24 Sept 2026
Fintechs race to expand merchant networks as MDR returns to UPI payments
PhonePe, Paytm, Pine Labs and MobiKwik are racing to sign up more merchants and roll out devices. Merchant Discount Rate (MDR) is back on UPI payments, and NPCI plans a Rs 3,000-crore fund. Fintechs now want MDR revenue from platforms and merchants. If you accept UPI, expect more sales visits. Compare pricing, read the MDR fine print, and negotiate before signing.
Key Statutory Highlights
- PhonePe, Paytm, Pine Labs and MobiKwik are stepping up merchant acquisition and device deployment.
- MDR has returned on UPI payments, and NPCI plans a Rs 3,000-crore fund.
- Fintechs are targeting MDR-based revenue from both the platform side and merchants.
Actionable Advice for Taxpayers / Founders:If payment companies approach you, ask them to put any MDR charges and device costs in writing, then compare that quote with your current provider before you agree to anything.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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