UPI MDR: What could happen to Rs 2,000+ payments
Synopsis UPI MDR: Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Large
Synopsis UPI MDR: Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Large merchants and transactions over Rs 2,000 may face new charges. This aims to support payment infrastructure investment and cybersecurity. Most everyday UPI payments are expected to remain free of charges.
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