Tag Archives: Merchant Discount Rate

Will you pay for sending money or shopping? 5 things that remain free — New UPI charges
Will you pay for sending money or shopping? 5 things that remain free — New UPI charges

The government has announced that the new Unified Payments Interface (UPI) framework will not impose [...]

16
Sep
'Modi tax': Opposition criticises Centre over UPI charges on merchant transactions; Rahul, Kharge
‘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 [...]

15
Sep
However, the NPCI clarified that merchants on-boarded cannot pass on MDR charges to customers
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 [...]

15
Sep