Government May Withdraw Incentive Scheme for Low-Value UPI Transactions
The Indian government is considering withdrawing the BHIM-UPI incentive scheme for low-value transactions, which currently offers a 0.4% MDR charge for some merchants. Traders and shopkeepers have expressed concerns over declining margins and the potential shift back to cash payments, with notices posted in Ghaziabad and debates ongoing about the impact on digital payments.
ET Now··Ghaziabad




