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VERIFIEDET Finance·positive

UPI MDR could create Rs 27,000 crore revenue pool by FY28: Bernstein

AI Summary
  • ·A 40-basis-point MDR on UPI transactions could generate a revenue pool of Rs 27,000 crore by FY28.
  • ·Issuing banks, UPI apps, merchant-side payment apps, and acquiring banks are expected to receive substantial revenue shares.
  • ·The proposed charges are intended to support UPI infrastructure and expansion, remaining below card fees and exempting smaller transactions.
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