New Delhi, Sept. 24 -- The Centre will ask the Indian Banks' Association (IBA) to undertake awareness campaigns and firm up a mechanism to ensure that a proposed charge on select Unified Payments Interface (UPI) transactions isn't passed on to consumers, according to two senior finance ministry officials.

The planned outreach by the bankers' body aims to "put the truth in the public domain" and allay any misconceptions about the MDR.

The Centre is also hopeful that the Goods and Services Tax Council will take a reasonable view on whether to impose such a tax on the merchant fee on the UPI transactions, the officials said.

From 15 October, a 0.4% merchant discount rate (MDR) will be levied on specified person-to-merchant (P2M) UPI trans...