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Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

Finance minister Nirmala Sitharaman on Thursday pushed back Congress leader Jairam Ramesh's claims that ordinary people could end up paying more for using the Unified Payments Interface (UPI), clarifying that any Merchant Discount Rate (MDR) on digital transactions would be levied on merchants and not on customers.

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Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

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Timeline cronologica

martedì 4 agosto 2026·newsbytesapp.com
Will UPI payments become chargeable? Centre moves to enable MDR
The Finance Ministry proposes a bill amending the Payment Act, allowing Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for sustainable e-payment systems.
martedì 4 agosto 2026·economictimes.indiatimes.com
Government moves closer to restoring MDR on UPI merchant payments
Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The…

Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

Confronto fonti

Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

Timeline cronologica

Will UPI payments become chargeable? Centre moves to enable MDR

Government moves closer to restoring MDR on UPI merchant payments

MDR on UPI applies to merchants, not customers: Nirmala Sitharaman

Proposed UPI MDR changes spark reactions from politicians, Industry leaders and users - The Economic Times

MDR applies only on merchants, not on end users: FM

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Big change in UPI policy? Payments above ₹2,000 may carry a fee. What we know

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Service charge on UPI transactions makes sense

Will UPI remain free to use? | Explained

Merchant charges for UPI soon? LS passes bill authorising govt to allow banks to levy fees - top facts

MDR applies only on merchants, not on end users: FM

MDR on P2M transactions in UPI can be less than 0.25% to compensate stakeholders

FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security

MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh - The Economic Times

Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

MDR on UPI applies to merchants, not customers: Nirmala Sitharaman

Proposed UPI MDR changes spark reactions from politicians, Industry leaders and users - The Economic Times

Will Paytm & GPay start charging you? Govt's UPI move explained