UPI remains free for now. So why is everyone talking about MDR? Here's what the government's proposed amendment actually changes, whether you'll have to pay for UPI in the future, who would bear the cost, and why the debate around Merchant Discount Rate is back.

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…

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.

New bill proposes electronic payments outside the negative list will incur Merchant Discount Rate (MDR), including potential UPI charges.

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The…

Discover whether UPI will become chargeable amid recent legislative changes and expert insights on potential impacts.

Central bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the payment mechanism's future and costs. The…

The current zero-MDR regime puts pressure on govt finances and limits the ecosystem’s ability to invest in long-term infrastructure