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Fee on UPI may nudge retail users towards central bank digital currency

Mumbai, Sept. 16 -- The introduction of merchant discount rate (MDR) charges on person-to-merchant (P2M) transactions on the unified payments interface (UPI) could help the government and the Reserve ... Read More


UPI sets charges for merchant payments above Rs.2,000, caps fee at Rs.300

Mumbai, Sept. 15 -- The finance ministry on Tuesday announced that a 0.4% merchant discount rate (MDR) will apply to person-to-merchant (P2M) UPI transactions above Rs.2,000, while person-to-person (P... Read More