UPI payments may see a major regulatory change after Parliament cleared an amendment allowing the government to decide on MDR charges for notified digital payment modes. We explain what this means, along with the day’s biggest political, legal and global developments.

The bill seeks to remove the provision that prevents banks and payment service providers from charging a fee, including MDR, on notified electronic payments. | India News

UPI MDR: Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Large merchants and…

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

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,…