Selective UPI MDR Will Need Reliable Merchant Intelligence, Not Just a Pricing Rule
Aug 21, 2026
Bangalore (Karnataka) [India], August 21: At CARD91, we believe the UPI MDR debate must go beyond pricing. Any selective framework will require accurate merchant verification, consistent classification and ongoing risk visibility to protect legitimate businesses and ensure fair implementation. As India reopens the UPI economics debate, the implementation challenge will be identifying, classifying and treating merchants fairly.
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