Fintech firms may retain platform fees despite new UPI MDR: Report

Fintech firms are unlikely to cut platform, handling and technology fees despite NPCI's directive preventing the new UPI MDR from being passed to customers. NPCI has set a 0.4% MDR on digital transactions above ₹2,000 from October 15. Payment companies say these charges cover technology, checkout infrastructure and other services, rather than payment processing itself.