Paytm Founder and Chief Executive Officer Vijay Shekhar Sharma on Wednesday said the Merchant Discount Rate (MDR) on UPI transactions of over Rs 2,000 to merchants will give the company a competitive edge, while boosting its revenue and profitability, according to news agency PTI.

The government on Tuesday had introduced 0.4 per cent charge on Unified Payments Interface (UPI) payments above Rs 2,000 to merchants and capped the fee at Rs 300 for payments of Rs 75,000 and above, from October 15, ending nearly six years of fully free UPI payments.