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Finance Minister Nirmala Sitharaman has clarified that any UPI transaction charges will be borne by merchants and not end users. She stated that a Merchant Discount Rate, if introduced, would help strengthen India's digital payments infrastructure. The clarification follows the passage of an amendment bill in Parliament related to digital payment policies. A dedicated committee will now be formed to review potential changes to the existing zero-MDR policy for UPI and other digital transactions.
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