Banks Re‑evaluate Products as MDR Returns to UPI

The re‑introduction of the merchant discount rate (MDR) on India’s Unified Payments Interface is pushing banks to reassess their product offerings and budget allocations. The bulletin opens with a cheerful “Happy Wednesday!” greeting to its readers. The note appears in the Economic Times‑Tech Morning Dispatch, updated on 23 September 2026 at 07:44 AM IST. The dispatch is a daily newsletter sent to subscribers’ inboxes. It thanks readers for subscribing and promises more deliveries. It highlights that the MDR change is the main driver behind banks’ strategic review. No further details on the rate amount or timeline are given in the bulletin.