UPI payments above Rs 2,000: Will you get a full refund if you cancel a big purchase? - Business News, Finance News, Share Market News - Market trendz

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Friday, 13 November 2026

UPI payments above Rs 2,000: Will you get a full refund if you cancel a big purchase?

UPI MDR on high-value transactions has raised questions about refunds, failed payments and cancellations. While customers are expected to get full refunds, merchants may have to absorb processing charges even when a purchase is cancelled. Here's what the new framework means for consumers and businesses.

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