Government May Permit MDR on UPI Payments Above ₹2,000

Government May Permit MDR on UPI Payments Above ₹2,000
The central government is considering allowing banks and payment service providers to levy a Merchant Discount Rate (MDR) of 0.25% to 0.4% on UPI payments exceeding ₹2,000 made to businesses. Person-to-person (P2P) UPI transfers are expected to remain exempt. The...
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