UPI Charges Debate Erupts As Oppn Alleges Burden On Users; Govt Says Merchants Will Pay Only | NWTK
A political battle has erupted over the proposed Merchant Discount Rate (MDR) on UPI transactions after the Lok Sabha passed amendments to the Payment and
A political battle has erupted over the proposed Merchant Discount Rate (MDR) on UPI transactions after the Lok Sabha passed amendments to the Payment and Settlement Systems Act. While the Opposition claims the additional cost will eventually be passed on to consumers, the government maintains that any MDR, if implemented, will be borne only by merchants. Finance Minister Nirmala Sitharaman clarified that the final MDR structure is yet to be decided by the NPCI. Panellists on Nation Wants To Know hosted by Heena Gambhir debate whether the move could impact India's digital payment ecosystem, small merchants and consumers.
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Check out our website Times Now News App Subscribe to our other network channels Times Now Navbharat Zoom Mirror Now ET Now TN+ Chapters 0:00 Introduction to Demonetization and Digital Payments in India 1:10 Understanding Merchant Discount Rate (MDR) and Its Implications 2:40 Political Reactions to the New MDR Bill 4:01 Debate: Who Will Bear the Cost of MDR? 6:11 Panel Discussion: Perspectives on UPI and
Digital Payments 8:48 The Impact of MDR on Consumer Choices 11:11 Analyzing the Benefits of UPI Over Traditional Payment Methods 14:30 Cost Sensitivity and Consumer Behavior in Digital Payments 16:05 The Role of Convenience in Digital Payment Adoption 19:10 International Perspectives: The Trump Factor in UPI Policies 22:12 Subsidies and Their Impact on Digital Payment Accessibility 25:22 Conclusion: The Future of UPI and Digital Payments in India
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