UPI MDR: Will ordinary consumers be charged for making online payments to friends, family, or personal contacts?
As public confusion mounted over potential fees on general consumer shopping and peer-to-peer transfers, the government issued key clarifications regarding the framework of the UPI Merchant Discount Rate.
The government recently decided to end over six years of zero-fee Unified Payments Interface (UPI) usage by introducing a 0.4% surcharge on merchant transactions greater than ₹2,000. The decision generated immediate friction among local business owne... [2406 chars]
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