New Delhi, Sept. 15 -- Credit card-linked UPI payments will not come under the new 0.4% Merchant Discount Rate (MDR) regime, the government has clarified, offering relief to consumers who use credit cards or linked credit facilities to make payments through UPI.

The clarification comes ahead of the revised UPI fee structure, which is scheduled to take effect from October 15. Under the new framework, a 0.4% MDR will be applicable to certain direct account-to-merchant-account UPI payments above Rs.2,000, with the fee capped at Rs.300 per transaction.

UPI payments made through RuPay credit cards linked to UPI

, as well as pre-sanctioned bank credit lines, involve credit extended by the issuing bank. Such transactions consequently continue...