This Week in Explainers: How will the new UPI charges affect you?

What this means for your job search: Expect potential hiring in fintech and payment processing for roles adapting systems and product strategies to these new charges. Interviewees should be ready to discuss the business and technical implications of such regulatory shifts. On September 15, the government announced the merchant discount rate (MDR) regime for UPI transactions. Under the new framework, a 0.4 per cent Merchant Discount Rate (MDR) will apply to specified merchant transactions above Rs 2,000. But some merchant categories will be charged a discounted fee. Here’s all this and much more in our weekly wrap