SShortSingh.
Back to feed

UPI Payments to Businesses Above Rs 2,000 May Soon Attract Small Fee

0
·14 views

The Indian government is considering introducing a Merchant Discount Rate (MDR) of 0.25% to 0.4% on UPI transactions exceeding Rs 2,000 made to merchants. The proposed charge would apply only to business payments and is not expected to cover person-to-person transfers. Everyday purchases such as groceries, milk, vegetables, and auto or taxi fares are likely to be exempt from the levy. The move, if implemented, would mark a significant policy shift for UPI, which has so far been free for all users.

Read the full story at Times of India

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

Related stories

0
IndiaTimes of India ·

Tens of Thousands Protest Housing Costs Across Portugal

Demonstrations took place in more than 30 cities across Portugal, driven by mounting anger over the rising price of housing. Students, professionals and others said their incomes were failing to keep pace with what they must pay for a home. Protesters pressed for stronger safeguards for tenants and caps on rent hikes as inequality grows. The government has pledged to introduce measures to make housing more affordable, though it has conceded that the changes will take time to take effect.

0
IndiaTimes of India ·

Musk warns Nvidia's supply deals may be at risk after Jensen Huang's exit

Elon Musk has raised concerns about Nvidia's supply chain agreements following the recent resignation of CEO Jensen Huang. He argued that many of these deals rested on personal relationships rather than binding contracts. Musk also pointed to a petition calling for Huang's return to the top job. He stressed that Huang has played an invaluable role in shaping the company.

0
IndiaTimes of India ·

Burnham aide reportedly used ChatGPT to draft PM's speech

An anonymous speechwriter for Prime Minister Andy Burnham was reportedly seen using ChatGPT to prepare a keynote address. The speech centred on criticism of Margaret Thatcher's legacy and on the cost-of-living crisis. Burnham stressed the significance of these issues in his remarks to Welsh Labour members. Opposition figures have condemned the aide's conduct as well as the government's proposed approach to economic difficulties.