MDR a small fee, will not have major impact on UPI volumes: RBI Governor Sanjay Malhotra
First reported 7 Oct, 07:17 UTCUpdated 5h ago6 sources
3 left · 3 center · 0 right · Full breakdown
Polyview Briefing
AI-generatedRBI Governor Sanjay Malhotra said levying a small merchant discount rate (MDR) fee will not have a major impact on UPI transaction volumes, noting that as of now there is no drop in volumes. He made the remark on a Wednesday (per left-leaning outlets) amid discussions about introducing MDR on UPI payments.
How the Left framed it
Left-leaning outlets emphasize that the RBI Governor described the MDR as a small fee and said it will not significantly affect UPI volumes, adding that he sees no current drop in transaction volumes.
How the Center framed it
Center outlets convey the same assessment but provide specifics: the MDR will be 0.4% on UPI person-to-merchant transactions above ₹2,000 effective October 15, with consumers exempt from paying the fee.
How the Right framed it
No right-leaning coverage yet.
What everyone reports
- RBI Governor Sanjay Malhotra said a small MDR fee will not have a major impact on UPI transaction volumes.
- He stated that as of now, there is no drop in UPI volumes.
- The MDR is referred to as a small fee.
Where coverage differs
- Center outlets report that the MDR will be 0.4% on UPI person-to-merchant transactions above ₹2,000 effective October 15, while left-leaning outlets do not mention these details.
- Hindustan Times notes that the government allowed charging MDR last month, a detail absent from left-leaning coverage.
- Business Today states that consumers will continue to use UPI without paying the MDR, which is not explicitly stated by left-leaning outlets.
Written by AI from the headlines and excerpts of 6 outlets (OpenRouter) on 7 Oct, 13:26 UTC. It can make mistakes — read the original reporting below. How briefings work
Compare the headlines
How outlets on each side framed it
Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Wednesday said levying a "small fee" in the form of merchant discount rate (MDR) will not have a "major impact" on UPI transaction volumes. "As of now, we do not see any drop in volumes. And I don't personally think that a small fee will have a major impact on…
The new MDR framework will take effect from October 15, with a 0.4% charge on eligible UPI person-to-merchant transactions above ₹2,000, while consumers will continue to use UPI without paying the MDR.
No right-leaning outlet in our index has covered this yet.
Full coverage
6 outlets — tap a headline to read it at the source
- Small MDR fee unlikely to hit UPI volumes, says RBI Governor Sanjay Malhotra on UPI-MDR charges from Oct 15 (opens Business Today in a new tab)
The new MDR framework will take effect from October 15, with a 0.4% charge on eligible UPI person-to-merchant transactions above ₹2,000, while consumers will continue to use UPI without paying the MDR.
- MDR a small fee, will not have major impact on UPI volumes: RBI Governor Sanjay Malhotra (opens Deccan Herald in a new tab)
Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Wednesday said levying a "small fee" in the form of merchant discount rate (MDR) will not have a "major impact" on UPI transaction volumes. "As of now, we do not see any drop in volumes. And I don't personally think that a small fee will have a major impact on…
- MDR a small fee, will not have major impact on UPI volumes: RBI Governor Sanjay Malhotra (opens Hindustan Times in a new tab)
It can be noted that last month, the government allowed charging of the MDR under which transactions above ₹2,000 will attract a fee of 0.4 per cent.
- MDR a small fee, will not have major impact on UPI volumes: RBI Guv (opens The Siasat Daily in a new tab)
Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Wednesday, October 7, said levying a “small fee” in the form of merchant discount rate (MDR) will not have a “major impact” on UPI transaction volumes. “As of now, we do not see any drop in volumes. And I don’t personally think that a small fee … Get the latest…
- Small UPI fee unlikely to hit transaction volumes, says RBI Governor (opens India Today in a new tab)
Small UPI fee unlikely to hit transaction volumes says RBI Governor
- MDR a small fee, will not have major impact on UPI volumes: RBI Governor Malhotra (opens The Hindu in a new tab)
“As of now, we do not see any drop in volumes. And I don’t personally think that a small fee will have a major impact on the volumes,” RBI Governor Sanjay Malhotra said
