Govt Introduces 0.4% MDR On Large UPI Merchant Payments, Caps Fee At ₹300
New Delhi, Sep 15: The government on Tuesday set a 0.4 per cent charge on UPI payments above Rs 2,000 to merchants and capped the fee at Rs 300 for payments of Rs 75,000 and above as it rolled out a framework for large digital merchant payments. New UPI fee framework announced The move ends the zero-MDR regime that has been in place since January 2020, introduced to drive digital payments…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
