NDTV·2 min read·medium
UPI To Remain Free For Consumers, Merchants May Face Small Fee: Centre
✦AI Summary
The Indian government has clarified that UPI payments will remain free for consumers. However, a small Merchant Discount Rate may be introduced for specific high-value merchant transactions.
The government has opened the door to introducing a nominal Merchant Discount Rate (MDR) on a limited set of UPI merchant transactions above a certain threshold, while assuring that consumers and person-to-person payments will continue to remain free.
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