Tag Archives: Merchant Discount Rate

As per Finance Ministry’s September FAQs, citing industry estimates, running UPI operations

Following a request from traders to delay UPI transaction charges, the rollout of Merchant Discount [...]

Government Sources — UPI Charge Not Tax, 96% Transactions Won’t Be Unaffected

The Centre's decision to introduce a Merchant Discount Rate (MDR) on selected high-value Unified Payments [...]

However, five Congress MPs, P Chidambaram, Manish Tewari, Gaurav Gogoi, Kishori Lal and K

However, five Congress MPs, P Chidambaram, Manish Tewari, Gaurav Gogoi, Kishori Lal and K Gopinath, [...]

Explaining the decision to impose a charge on some UPI transactions over Rs 2,000, highly

They emphasised that, despite stringent criticism from the Opposition, the move will not be rolled [...]

Is your daily budget changing? From grocery, shopping to bills – here’s what you’ll pay — UPI

New Delhi: New UPI charges are set to change the way some large digital payments [...]

Larger merchant transactions will pay for it, and the revenue generated will go to banks

Is the era of free click-and-pay transactions over in India? Yes and no. It depends [...]