HomeAI · summaries
Storia in 5 fonti
Payment Bill rekindles MDR hopes for large-value UPI
Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintech firms recover technology and infrastructure investments. The government is considering reintroducing MDR for UPI transactions with large merchants. These fees might apply to transactions exceeding two thousand rupees. This change aims to create revenue for payment companies while minimizing disruption.
Confronto fonti
5 prospettive sulla stessa storiaTimeline cronologica
- ·
economictimes.indiatimes.com
Govt to move amendments to IT Act to pave way for levy of MDR - The Economic Times
ET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an issue plaguing the online payments…
- ·
thehindubusinessline.com
Centre moves to reimpose MDR on UPI, extend tax breaks for contract manufacturers
The government proposes a new UPI MDR framework for large merchants and extends tax incentives for electronics manufacturing until 2041.
