The Finance Ministry proposes a bill amending the Payment Act, allowing Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for sustainable e-payment systems.
No charges have been imposed yet
Aug 04, 2026
06:05 pm
What's the storyThe Indian government has introduced a bill to amend the Payment and Settlement Systems Act, 2007.
The proposed amendment would allow the government to impose Merchant Discount Rate (MDR) on electronic payment modes, including Unified Payments Interface (UPI).
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Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks…
