P2P FREE FOR EVERYONE! 😱 But What About P2M? | New UPI MDR Rule Explained

Описание: P2P FREE FOR EVERYONE! But what about P2M? 😱
A new UPI framework has introduced Merchant Discount Rate (MDR) for certain merchant transactions. But this does NOT mean that every UPI payment will now be charged.
In this video, I explain the new UPI rules in simple English, including the difference between P2P and P2M, the ₹2,000 threshold, MDR rates, and whether customers will have to pay an extra charge.
🔹 Important Full Forms
UPI — Unified Payments Interface
P2P — Person-to-Person
P2M — Person-to-Merchant
MDR — Merchant Discount Rate
NPCI — National Payments Corporation of India
P2PM — Person-to-Person-to-Merchant
🔹 What You Will Learn
✅ What is P2P?
✅ What is P2M?
✅ What is MDR?
✅ Will P2P UPI payments remain FREE?
✅ What happens to P2M payments up to ₹2,000?
✅ What happens to specified P2M payments above ₹2,000?
✅ How does the 0.4% MDR work?
✅ What is the ₹300 maximum cap?
✅ What about small merchants?
✅ Why does the government say around 96% of P2M transactions remain unaffected?
✅ Will customers directly pay MDR?
According to the Ministry of Finance, P2P UPI transactions remain completely free, regardless of the amount. Payments to merchants up to ₹2,000 and specified zero-MDR categories also remain free. MDR applies to specified merchant transactions above ₹2,000. �
Press Information Bureau
The government also states that MDR is not a tax and is not collected by the Government or NPCI; it is distributed among participants in the payment ecosystem. �
Press Information Bureau
Watch the complete video before assuming that UPI has become chargeable for everyone.
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