Finance Ministry rejects foreign influence claims over UPI MDR, says India's digital payments decisions are made independently
India's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discount Rate will apply to UPI payments over Rs 2,000. This charge will not affect consumers and most small merchants remain exempt. The revenue will support payment ecosystem participants and infrastructure development. UPI policy decisions are made independently for an affordable…
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
