Finance Ministry: No MDR Charges Planned on UPI Transactions
The Finance Ministry has strongly dismissed rumours that the government is planning to impose Merchant Discount Rate (MDR) charges on UPI (Unified Payments Interface) transactions. In an official statement, the Ministry said that the speculation circulating online is “false, baseless, and misleading.” It warned that such claims create unnecessary fear, confusion, and mistrust among citizens. […]
India May Offer 2% Discount to Boost UPI Payments: Here’s What It Means for You
To make instant digital payments even more rewarding, the Indian government is considering a 2% automatic discount for consumers who choose to pay via UPI (Unified Payments Interface) instead of using credit cards. What’s the Plan? As per the proposed idea, UPI users would pay 2% less than those using credit cards, encouraging consumers to […]