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Why UPI needs transaction fees - The Economic Times
A groundbreaking bill has been introduced that permits merchant discount rates on UPI transactions. This innovative change aims to enhance the future development of the digital payments ecosystem. Notably, most small transactions under ₹2000 will remain free from these fees, while larger amounts will contribute to value-added credit services and international connections, ensuring UPI’s sustainability and global competitiveness.
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economictimes.indiatimes.com
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…
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Payments bill revives hopes of MDR return on large-ticket UPI transactions - The Economic Times
ET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchants. Sources had told ET that the Centre…
