Government May Delay MDR Fees on UPI Starting October 15
The government is considering delaying the rollout of the 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, originally set to begin on October 15. UPI, used by over 500 million people in India for various payments, had its zero-fee regime ended last month. The fee implementation was planned to coincide with the festive season.
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