Govt may delay rollout of MDR on UPI transactions above Rs 2,000: Report
First reported 8 Oct, 03:05 UTCUpdated 3d ago3 sources
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MDR on UPI: Last month, the government ended the zero-fee regime for UPI by allowing merchants to be charged 0.4% on transactions above Rs 2,000. UPI is used by more than 500 million people across the country for payments ranging from roadside cups of tea to iPhones. The charge is scheduled to take effect on October…
Excerpt from The Times of India
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MDR on UPI: Last month, the government ended the zero-fee regime for UPI by allowing merchants to be charged 0.4% on transactions above Rs 2,000. UPI is used by more than 500 million people across the country for payments ranging from roadside cups of tea to iPhones. The charge is scheduled to take effect on October…
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- Festive cheer: UPI MDR may be deferred till next year, says report (opens Business Today in a new tab)
MDR on UPI: The UPI and Services Steering Committee, led by the National Payments Corporation of India (NPCI), met on Wednesday to discuss the timing of the proposed fee and other related clarifications.
- MDR लागू होने से घट जाएगा UPI का इस्तेमाल? जानें RBI गवर्नर की राय (opens India Today in a new tab)
MDR UPI RBI
- Govt may delay rollout of MDR on UPI transactions above Rs 2,000: Report (opens The Times of India in a new tab)
MDR on UPI: Last month, the government ended the zero-fee regime for UPI by allowing merchants to be charged 0.4% on transactions above Rs 2,000. UPI is used by more than 500 million people across the country for payments ranging from roadside cups of tea to iPhones. The charge is scheduled to take effect on October…
