Govt Opens Door to MDR On UPI, To Amend Digital Payment Rules
UPI MDR rules
Covered by 6 sources
- TechCrunch·2d agoIndia moves to give its instant payments network a business model
The legislation lays the groundwork for a potential overhaul of India's zero-merchant-discount-rate regime, under which businesses have not paid fees to accept UPI payments since 2020.
Read at TechCrunch → - India Today Top·2d agoUPI payments above Rs 2,000 may soon attract a fee under proposed law change
UPI payments above Rs may soon attract a fee under proposed law change
Read at India Today Top → - Business Today IN·2d agoFinance Ministry introduces Bill to enable MDR on UPI, digital payments; government to decide future levy
The move marks the first major policy shift since January 2020, when the government barred banks and payment service providers from levying MDR on UPI and RuPay debit card transactions to accelerate digital payment adoption.
Read at Business Today IN → - Mint News·3d agoGovt looks to bring back merchant fee on UPI transactions
The government plans amendments to extend tax exemptions for foreign contract manufacturing and potentially reintroduce merchant discount rates on UPI transactions.
Read at Mint News → - Inc42 India·3d agoGovt Opens Door to MDR On UPI, To Amend Digital Payment Rules
In what could likely pave the way for the reintroduction of the merchant discount rate (MDR) on UPI payments, the…
Read at Inc42 India →
