Government Clarifies UPI MDR Policy

The government has clarified that UPI will remain free for consumers, with no transaction charges applicable to person-to-person payments. It also stated that if a Merchant Discount Rate (MDR) is introduced in the future, it would only apply to specific types of transactions.

11 Aug, 13:25 — 11 Aug, 13:25

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Times of IndiaMostly Factual2d ago

UPI MDR: What is being proposed, and who pays the final cost? Explained

The government has clarified that UPI will continue to remain free for consumers and no transaction charges will be applicable to person-to-person payments. The government has also said that if an MDR is introduced in the future it will only be applicable to a limited category of merchant transactions.

By SMRITI JAIN

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Government Clarifies UPI MDR Policy

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UPI MDR: What is being proposed, and who pays the final cost? Explained

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