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NPCI · Launched 2016
India's instant account-to-account rail. Person-to-merchant UPI has carried a government-mandated zero merchant discount rate since January 2020, which is why it now dominates Indian retail payments.
Representative of this rail in this market. Directionally useful, but not a quotable rate, confirm with the provider. Source: RBI / NPCI zero-MDR mandate.Official site ↗
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Online pricing across every country where this method is available, with the cost on a ₹100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| India | No fee | ₹0.00 | 0% | 1 Jan 2020 | Estimate |
Every recorded change, newest first, with the movement from the rate it replaced.
Finance Act 2019 zero-MDR mandate took effect for UPI and RuPay person-to-merchant payments.
UPI launched with bank-set MDR broadly in line with debit card rates.
In India, on the online channel: No fee, in force since 1 Jan 2020 (estimate). Fees differ by market and channel, and the table above lists each one.
It is priced in 1 market here: India. A market missing from the list has not been recorded yet, which does not mean UPI is unavailable there.
It is recorded as instant. Actual timing can depend on cut-off times and on the receiving account.
Not through a chargeback: it has no chargeback process, so a payment is hard to reverse once sent. Check who you are paying before you confirm.
Yes. It is a payment method businesses accept, and the fees shown are what a merchant pays to be paid through it.
