Govt May Levy Small Fee on Large UPI Merchant Transactions, Consumers Stay Exempt
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The Indian government has signaled a possible introduction of a nominal Merchant Discount Rate (MDR) on select UPI transactions made by merchants. This fee would apply only above a certain transaction threshold, leaving smaller merchant payments unaffected. The Centre has clarified that consumers and person-to-person UPI transfers will continue to be completely free of charge. The move marks a potential shift in UPI's current zero-MDR policy, which has been in place to drive digital payment adoption across the country.
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