Tag: digital payments ecosystem
Posted in Economy
Finance Ministry rejects foreign influence claims over UPI MDR, says India’s digital payments decisions are made independently
The finance ministry on Wednesday rejected claims that foreign pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above…
Posted in Economy
UPI still has ‘lot of scope’ to grow, rural and offline access key challenges: NPCI CTO
Mumbai: The Unified Payments Interface (UPI) still has significant room to expand, particularly in reaching rural populations and developing offline payment solutions, National Payments Corporation…