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VERIFIEDMint Industry·positive
UPI MDR Charges New Rules 2026: Hidden winners! Massive $2.8 billion annual revenue coming soon for Indian banks?
AI Summary
- ·New UPI fees in India could generate ₹270 billion annually by FY28.
- ·Banks are anticipated to receive the largest portion of this revenue.
- ·Charges on larger UPI transactions will be implemented starting October 15.