Only 12% of UPI users would pay fees above Rs 3,000, LocalCircles survey finds
A proposed MDR-related charge on UPI transactions above Rs 3,000 could push users away, according to LocalCircles. Any change remains contingent on Parliament amending Section 10(A) of the Payment and Settlement Systems Act, with no implementation date announced.
LocalCircles survey finds only 12% of Indian UPI users would continue using the service if MDR-related fees are passed on for transactions above Rs 3,000. The proposal depends on Parliament amending the Payment and Settlement Systems Act.
Why this matters
The survey sharpens a pattern of potential UPI merchant-fee reform: prior signals said payments-law changes could enable MDR and put large retailers in focus, while 53% said they may avoid UPI payments above ₹3,000 if MDR returns.
Omni-channel is accelerating, up +214600% QoQ.