Tag: Merchant Discount Rate

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SC notice to Centre, others on plea against imposition of MDR on UPI payments above Rs 2,000

New Delhi, Sep 28: The Supreme Court on Monday sought responses from the Centre and others on a petition challenging the decision to impose...

UPI MDR decision completely professional, no external pressure: FM

New Delhi, Sept 25: Finance Minister Nirmala Sitharaman has rejected as "absolutely baseless" allegations by the Opposition that the decision to levy a 0.4...

Govt sets 0.4% fee on UPI payments above Rs 2,000 amid political criticism

New Delhi, Sep 15: Ending nearly six years of fully free UPI payments, the government on Tuesday introduced a 0.4 per cent fee on...

No charges on UPI transactions up to Rs 2,000; govt yet to decide on MDR for higher-value payments

New Delhi, Sep 15: The government has directed banks and payment system providers not to levy charges on Unified Payments Interface (UPI) transactions of...

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