New Delhi, Sept. 17 -- With UPI Merchant Discount Rate (MDR) set to apply from 15 October on eligible person-to-merchant (P2M) transactions above Rs.2,000 at 0.4%, a key question for consumers is whether merchants can recover this cost from them.

MDR is a charge paid by the merchant to the bank or payment service provider for accepting digital payments.

Union Minister for Communications Jyotiraditya M Scindia on Wednesday made it clear that any attempt by merchants to pass the cost of MDR on UPI transactions to customers would violate the law and constitute a criminal offence, according to an ANI report.

Here's what you need to know.

Amitraj Kaushal, Advocate at the Supreme Court of India, said the prohibition comes from Section 10A o...