India mulls ending zero-fee policy for UPI merchant payments

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India is considering a legislative overhaul of its current zero-merchant-discount-rate (MDR) policy governing UPI payments. Under the existing regime, businesses have been exempt from paying fees to accept UPI transactions since 2020. The proposed changes aim to establish a viable business model for the country's widely used instant payments network. The move signals a potential shift in how payment service providers and banks are compensated for processing UPI transactions.

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