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Jefferies sees Paytm, Pine Labs gaining from proposal to levy MDR on UPI transactions - The Economic Times
India's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for payment platforms like Paytm and Pine Labs. The proposed amendment focuses on person-to-merchant payments exceeding two thousand rupees. Analysts predict a substantial revenue pool for the payments ecosystem by fiscal year twenty twenty-eight. This move aims to improve profitability for UPI companies facing processing costs.
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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…
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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.
