PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers.

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 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…

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