BharatPe supports the new UPI Merchant Discount Rate (MDR) framework for merchant transactions while distancing itself from criticism made by its co-founder Ashneer Grover, who has no current association with the company.
India — direction and magnitude withheld
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Key takeaway
NPCI's new UPI MDR framework introduces a revenue stream for payment service providers on merchant transactions above a threshold.
- Step 1 · The triggerNPCI introduces an MDR framework on select UPI merchant transactions, creating a new revenue stream for payment service providers.
- Step 2 · Knock-onWithheld This step of the chain is withheld. The reason is set out in the notice above — a deliberate omission, not missing data.
- Step 3 · Reaches youPayment providers may adjust merchant terms, potentially passing on MDR costs to SMEs with higher-value UPI receipts, affecting transaction costs and digital payment adoption.
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: Economic Times Top Stories
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