Bank of Baroda will reinvest MDR revenue in UPI ecosystem
The purpose of MDR is not to become profitable, said the MD and CEO.
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
2 November 2026, 1:07 am · 1 min read
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According to a Business Standard report, Bank of Baroda is going to take an important step to further strengthen the UPI ecosystem. The MD and CEO of the bank have stated that whatever revenue the bank receives as Merchant Discount Rate (MDR), the entire amount will be reinvested back into the UPI ecosystem.
Clarifying on this, he added that the purpose of this MDR revenue is not in any way to earn a profit or become profitable for the bank. This fund will be used by the bank to improve the reach and scale of the UPI platform as well as behind its expansion.
In the coming time, it is expected that the implementation of this policy will help increase the capacity of UPI transactions. This decision of Bank of Baroda will further boost digital transactions and make UPI services even better for customers and merchants.
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