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Small traders will not be covered under the proposed MDR on digital transactions
NEW DELHI: Finance Minister Nirmala Sitharaman on Monday said UPI payments will remain free for consumers and small traders – vegetable sellers, tea sellers, hawkers, etc. -- will not be covered under the proposed merchant discount rate (MDR) on digital transactions.Replying to the debate on Taxation and Other Laws (Amendment) Bill in Rajya Sabha, Sitharaman called Indian communists “cowards”.
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economictimes.indiatimes.com
UPI to remain free for users; nominal MDR may apply to select merchant transactions
Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost. Any future charges will apply to limited merchant transactions…
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thehindubusinessline.com
Government clarifies UPI users will not be charged, says MDR may apply to select merchants
