Tag: merchant discount rate
Posted in Economy
UPI to remain free for users; nominal MDR may apply to select merchant transactions
The government on Saturday said consumers making payments through UPI will not face any transaction charges, while any future merchant discount rate (MDR) will apply…
Posted in Economy
Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital payments
The Lok Sabha on Thursday passed amendments to the Payment and Settlement Systems (PSS) Act, 2007, paving the way for the Centre to allow banks…
Posted in Economy
India’s UPI miracle has a money problem; can Budget 2026 fix it?
As Budget 2026 draws closer, Nirmala Sitharaman & Co faces a clear choice: fix the cracks in the UPI ecosystem now, or allow the momentum…