Tag: UPI transaction fees
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
Merchant fee on UPI rolling out as transaction floor set at Rs 2,000
New Delhi: India on Monday exempted transactions of up to ₹2,000 through Unified Payments Interface and all RuPay debit card payments from any charges imposed…
Posted in Startups
Payments bill revives hopes of MDR return on large-ticket UPI transactions
The government’s proposed amendments to the Payment and Settlement Systems Act have revived hopes of the return of merchant discount rate (MDR) on select UPI…