CAIT backs nominal MDR on high-value UPI transactions if proposed, says await bill details
The Confederation of All India Traders will support a nominal Merchant Discount Rate on higher-value UPI transactions. This support is contingent on the government's proposal and examination of the legislation's details. Praveen Khandelwal expressed confidence that digital payments will become more convenient for users. He noted that smaller transactions should remain protected from any new…
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