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

The Hindu1h agoAI sentiment: neutral
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 Hindu
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