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Parliament clears taxation bill, Sitharaman says UPI transactions to remain free
Parliament has passed the Taxation and other Laws (Amendment) Bill. Finance Minister Nirmala Sitharaman confirmed UPI will remain free for consumers. The legislation removes the linkage between payment systems and income tax. It also provides legal backing to modify zero-MDR frameworks for digital transactions. The bill aims to attract foreign capital and promote domestic manufacturing.
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timesofindia.indiatimes.com
Will you have to pay to use UPI? 7 FAQs on possible MDR and what it means for consumers answered
Will you now have to pay charges for your UPI transactions? That’s the big question that many are asking after the Lok Sabha cleared a Bill amending the Payment and Settlement…
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theprint.in
Consumers, small merchants unlikely to pay charges for UPI transaction: Payments Council of India
New Delhi, Aug 7 (PTI) Consumers and small merchants will continue to enjoy free Unified Payments Interface (UPI) services even as the Lok Sabha passed a Bill to amend the Payment…
