UPI merchant fee likely to be set at 5-7 basis points
The government is likely to peg the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions at 5-7 basis points if the levy is
The government is likely to peg the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions at 5-7 basis points if the levy is reintroduced for large merchants, according to people aware of the matter.ET exclusively reported on July 16 that the proposal to bring back MDR on UPI for large merchants is in its final stages and awaiting a final nod.The move would mark a significant shift in India’s digital payments policy, six
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