The share of person-to-merchant UPI transactions above Rs 2,000 stands at 20% currently. It has  increased from around 15% in FY23. 
UPI MDR to attract 18% GST

The newly introduced merchant discount rate (MDR) on select UPI transactions will attract 18% GST, generating around Rs 2,000 crore…

Petrol pump dealers have joined the pushback, seeking a blanket exemption from MDR at fuel outlets, irrespective of transaction value.
Small retailers push back against MDR

India’s small retailers face challenges as a new 0.4% MDR fee on UPI transactions above Rs 2,000 may push merchants…