India · English
UPI Payments To Get Costlier? Here's What New MDR Rules Mean For Google Pay, PhonePe And Paytm Users
Mumbai: Will UPI payments become costlier for consumers using Google Pay, PhonePe and Paytm? The government's proposed Merchant Discount Rate (MDR) on certain transactions has raised concerns about higher shopping bills, even as authorities maintain that customers will not face additional charges. The new framework proposes a 0.4 percent MDR on merchant UPI payments exceeding Rs 2,000, capped at…
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