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.

India may reintroduce merchant discount rates for large businesses on UPI transactions. This move aims to address the financial sustainability of digital payment providers. Small…

The government is mulling restoring MDR on UPI transactions for large merchants. This and more in todays ETtech Morning Dispatch.