Merchants can continue handling eligible payments without the immediate impact of the proposed MDR.
For instance, a ₹10,000 UPI payment in an eligible concessional sector would incur just ₹5 in MDR.
Users no longer need to enter their UPI PIN for smaller payments.
Banks set individual UPI limits, so the process may differ slightly between banks.
PhonePe also allows users to link RuPay credit cards for UPI payments.