BusinessFinance Minister Nirmala Sitharaman Updates on UPI MDR Charges
Finance Minister Nirmala Sitharaman clarified in the GST Council meeting that there was no discussion on MDR charges for UPI payments. However, sources told CNBC-Awaaz that the implementation scheduled for October 15 might be postponed until January 1, 2027. This update addresses questions about whether MDR charges on UPI payments will be waived from October 15.
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