BusinessAI imageGovernment to Stop Merchants Passing UPI MDR Charges to Consumers
The government is collaborating with UPI ecosystem participants to prevent merchants from passing the new 0.4% Merchant Discount Rate (MDR) charges on payments above Rs 2,000 to consumers. This MDR rule will take effect from October 15, affecting only a small portion of UPI transactions, according to officials.
The Free Press Journal·

