‘Someone has to pay’: RBI governor on MDR proposal for UPI transactions above Rs 2k
According to official estimates, the Rs 2,000 threshold would cover only around 5% of all UPI transactions, although these account for nearly 65% of the total value processed on the platform. As a result, routine purchases such as milk, vegetables, groceries, or payments for auto-rickshaws and taxis are unlikely to be affected. UPI processed 23.7 billion transactions worth Rs 29.9 lakh crore in…
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
