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Consumers already bearing UPI costs through broader economy: RBI governor
NEW DELHI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions indirectly even if merchant fees are not explicitly charged.Responding to questions on enabling merchant fees on UPI, Malhotra said it was too early to take a view and the focus remains on strengthening the payments infrastructure. “it is very premature right now.
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timesofindia.indiatimes.com
‘Someone has to pay the cost’: RBI governor on MDR proposal for UPI transactions above Rs 2,000
Will you have to pay for UPI payments going ahead? The government is expected to permit the levy of a Merchant Discount Rate (MDR) of 0.25% to 0.4% on UPI transactions above Rs…
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thehindubusinessline.com
UPI ecosystem needs sustainable funding: RBI Governor
The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday indicated that while it is too early to comment on any potential changes to the merchant discount rate (MDR)…
