Tag Archives: Merchant Discount Rate

‘Modi tax’: Opposition criticises Centre over UPI charges on merchant transactions; Rahul, Kharge

The Opposition on Tuesday slammed the BJP government over its decision to introduce a 0.4 [...]

However, the NPCI clarified that merchants on-boarded cannot pass on MDR charges to customers

The announcement of a 0.4% Merchant Discount Rate (MDR) on UPI payments above ₹ 2,000 [...]