SynopsisThe central government is considering reintroducing a merchant discount rate on UPI transactions. This levy would apply only to large merchants with an annual turnover of Rs 1-1.5 crore. Smaller businesses and everyday payments will remain unaffected by this potential change. The central government is looking to bring back the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions for large merchants.ET exclusively reported on July 16, citing people aware of the matter, that the threshold for merchant turnover may be pegged at Rs 1-1.5 crore annually for transactions above Rs 2,000. This means that the levy is expected to apply only to large merchants, those with an annual turnover crossingNow Playing
UPI fees explained: Why the government plans to revive MDR and who will pay - The Economic Times
The central government is considering reintroducing a merchant discount rate on UPI transactions. This levy would apply only to large merchants with an annual turnover of Rs 1-1.5 crore. Smaller businesses and everyday payments will remain unaffected by this potential change.
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