The True Cost of UPI Payments for Merchants in India (2026 Guide)
Direct Answer The true cost of accepting UPI payments in India includes far more than the headline MDR figure. Even where MDR is zero, merchants absorb costs from failed transactions, checkout abandonment, reconciliation work, and gateway platform fees. From October 15, 2026, a new 0.4% MDR applies to Person-to-Merchant (P2M) UPI transactions above ₹2,000, capped…