The government will levy a 0.4% merchant discount rate (MDR) on UPI person-to-merchant transactions above Rs 2,000 from October 15, ending six years of a zero-fee network for merchants. Person-to-person transfers and…
The finance ministry has denied opposition claims that foreign pressure led to the decision to impose a 0.4 per cent Merchant Discount Rate on UPI transactions above Rs 2,000 from October 15.…
The government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. NITI Aayog vice chairman Ashok Kumar Lahiri defended the move, saying businesses…
Petrol pump dealers and a Supreme Court petitioner have challenged the government’s new Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, set to take effect from 15 October. The All…
The government has ruled out any rethink on the 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant transactions above Rs 2,000, effective October 15. The Finance Ministry denied allegations of foreign influence,…
The government will apply a 0.4 per cent Merchant Discount Rate on UPI payments above ₹2,000 from 15 October, but only on merchants whose monthly UPI collections exceed ₹1 lakh. The charge,…
The government will introduce a Merchant Discount Rate (MDR) on certain UPI merchant transactions above Rs 2,000 from October 15, the National Payments Corporation of India announced. Merchants will pay 0.4% on…
Congress leader Rahul Gandhi on Wednesday demanded an immediate rollback of the government's decision to levy a fee on UPI transactions, accusing Prime Minister Narendra Modi of 'prostrating' before US President Donald…
The government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant transactions above Rs 2,000, effective October 15. The charge is paid by merchants, capped at Rs 300 per transaction,…
Congress MP Rahul Gandhi on Wednesday demanded the government roll back a new 0.4% merchant discount rate on UPI transactions above Rs 2,000, calling it a "UPI tax." In a video on…
