Sitharaman: UPI users won't bear MDR charges, only payment operators will
Finance Minister Nirmala Sitharaman has clarified that UPI consumers will not face any additional financial burden under the revised Merchant Discount Rate framework. The MDR charges will be levied solely on payment operators, not on individual users. The revised policy applies only to high-value Person-to-Merchant UPI transactions, leaving the majority of everyday transactions unaffected. The government has firmly ruled out any further changes to this decision, signalling a stable policy stance on digital payments.
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