A Merchant Discount Rate (MDR) of 0.4% will be applied to Person-to-Merchant (P2M) UPI transactions above ₹2,000 from 15 October […]
Customers should not bear merchant payment charges, government sources told news agency ANI. Officials will closely monitor implementation to ensure
The new merchant discount rate (MDR) on UPI payments above Rs 2,000 will attract 18% Goods and Services Tax (GST),
The new UPI framework introduced has no impact on any person to person transactions. UPI will continue to remain completely
The government has guaranteed that banks and payment system providers cannot impose direct or indirect charges on UPI transactions of
The Union finance ministry dismissed reports of government planning to levy merchant discount rate (MDR) on large-ticket UPI transactions. In
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