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Storia in 6 fonti
‘No charges on digital payments for consumers’
The government’s move to lift the legal restriction on banks and platforms from imposing a charge or merchant discount rate (MDR) on UPI transactions, hitherto free, has generated a lot of debate and fears that consumers will be burdened with the fees. The Payments Council of India, an industry body representing non-banking payment industry players, on Friday released a set of FAQs, reiterating FM Nirmala Sitharaman’s assertion that consumers will not have to pay a fee.
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hindustantimes.com
Big change in UPI policy? Payments above ₹2,000 may carry a fee. What we know
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
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timesofindia.indiatimes.com
‘Someone has to pay the cost’: RBI governor on MDR proposal for UPI transactions above Rs 2,000
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…
