Government weighs return of merchant fees on UPI, RuPay transactions: Why user may not have to worry
The government is considering reinstating merchant charges on UPI and RuPay debit card payments for large merchants, which were waived in 2022. Fintech companies argue that these businesses can ...
The PCI has also sought to introduce an MDR structure on RuPay debit card transactions applicable to merchants of all sizes. MDR refers to a fee that merchants pay banks or companies processing ...
The government may reintroduce merchant discount rate charges on UPI and RuPay transactions for large merchants, impacting the digital payments landscape. The Central government is contemplating ...
To address this challenge, the industry proposes the introduction of an MDR for RuPay debit cards for all merchants and a reasonable MDR of 0.3% for UPI only for large merchants, the release stated.
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