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Proposed UPI MDR changes spark reactions from politicians, Industry leaders and users - The Economic Times
A debate erupted over removing UPI's zero merchant discount rate guarantee. Finance Minister Nirmala Sitharaman stated any charges would affect merchants, not users. Senior Congress leader Jairam Ramesh criticized the proposed Bill and linked it to a US report. Industry voices and users expressed concerns about potential future charges on digital payments. The discussion highlights future funding models for India's digital payment infrastructure.
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economictimes.indiatimes.com
India paves way for return of merchant fees on digital payments
India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement Systems Act. While no decision has been…
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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.
