UPI stays free for users, vast majority of transactions to remain free for merchants as well, says government

The government said any future merchant discount rate (MDR), if introduced, would apply only to a limited set of merchant transactions above a specified threshold and at a nominal rate, which would be lower than typical debit and credit card MDRs
This summary was generated by PolitGlobe's AI pipeline from publicly available reporting at The Hindu. For the full original article, visit the source below.
Read full article at The HinduRelated coverage

News in Frames | The wounds beneath Assam’s deadly flood
Mining, quarrying, deforestation and jhum cultivation may have destabilised slopes and intensified the impact of the deluge; the floods this year have killed 98 people so far, most of them in three districts — Sivasagar, Charaideo, and Jorhat; the Chief Minister has called for science-backed solutions to tackle the issues

JD Vance dials Modi to discuss India-US ties, PM congratulates him on birth of son
JD Vance dials Modi to discuss India-US ties, PM congratulates him on birth of son

‘Distorting it’: Shashi Tharoor says remarks on Rahul Gandhi's ‘Chhatron ki goonj’ campaign not an attack on Congress
Shashi Tharoor said he was stressing that political parties must open their doors and create paths for the next generation to gain the power to shape politics.

BJP misusing Central agencies, alleges MP Mallu Ravi
BJP misusing Central agencies, alleges MP Mallu Ravi