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Tag: Merchant Discount Rate

RAI warns that a new 0.4% MDR on UPI merchant transactions above Rs 2,000, effective October 15, could push small retailers back toward cash just as the festive season begins
Finance

Retailers Body Warns UPI Fee Risks Pushing India Back To A...

PGurus Newsdesk - 0
Transactions above Rs 2,000 make up around 65% of UPI's total value, meaning the fee lands on payments merchants depend on most The Retailers Association...
Will UPI become chargeable? Centre says most payments will remain free
Banking

UPI stays free for users: Centre says only select merchant payments...

PGurus Newsdesk - 1
Government says the proposed legal change only enables a future MDR framework and does not impose charges on ordinary UPI users UPI users can breathe...

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