Govt Plans Measures To Prevent Merchants Passing UPI MDR Charges To Consumers
The government is exploring measures to ensure that the newly introduced Merchant Discount Rate (MDR) on select Unified Payments Interface (UPI) transactions remains a cost for merchants and is not passed on to customers. As per a report by Moneycontrol, discussions are underway with payment aggregators and other stakeholders in the UPI ecosystem ahead of the October 15 implementation of the new…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.