Will It Beat The UPI Paradox?

June 16, 2025

, By INC42

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MDR or no MDR: that is the big question for India’s payments apps and the UPI frontrunners — PhonePe, Google Pay and Paytm — or even the likes of CRED, Groww, Flipkart’s Super.Money, Navi and others which are looking to build their own UPI empires.

Earlier this month, speculation emerged that the Indian government is close to bringing in a merchant discount rate (MDR) regime or a commission structure on UPI transactions for these players, especially for high-value payments. This built up enthusiasm for the future of Paytm and…

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Will It Beat The UPI Paradox?

June 16, 2025

, Published By INC42

MDR or no MDR: that is the big question for India’s payments apps and the UPI frontrunners — PhonePe, Google Pay and Paytm — or even the likes of CRED, Groww, Flipkart’s Super.Money, Navi and others which are looking to build their own UPI empires.

Earlier this month, speculation emerged that the Indian government is close to bringing in a merchant discount rate (MDR) regime or a commission structure on UPI transactions for these players, especially for high-value payments. This built up enthusiasm for the future of Paytm and…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Qcomm fires up discounts with rivals getting quicker

Next News

macOS apps will render 3D scenes directly on Apple Vision Pro

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