Tag: UPI charges
Posted in Economy
UPI transactions above Rs 2,000 to attract 0.4% MDR; check key details
The government will introduce a Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions from October 15, with merchants paying 0.4% on transactions above…
Posted in Economy
Banks cannot impose charges on UPI payments of up to Rs 2,000, govt says
The Central government on Monday announced that banks cannot impose any charges on Unified Payments Interface (UPI) transactions of upto Rs 2,000 or debit card…
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…