Govt in talks with payment firms to shield consumers from UPI merchant fees
The Indian government is holding discussions with payment platforms to prevent any merchant discount rate (MDR) charges from being transferred to consumers. Authorities plan to begin closely monitoring the situation from October 15 to ensure consumer protection. Officials have also clarified that merchants will not face additional GST burdens following the implementation of MDR. The initiative is designed to encourage domestic payment players and foster innovation in the sector.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)
Log in to join the discussion and vote.
Log in