0.4% UPI Merchant Discount Rate Framework Established
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
A 0.4% UPI merchant discount rate framework was established for UPI transactions. Following this, the Kerala Hotel and Restaurant Association announced that its members will stop accepting UPI payments above ₹2,000 starting October 15.
From thehindu.com
Why it matters
The Kerala Hotel and Restaurant Association stated that the new MDR imposes an additional financial burden on small establishments. Members argue that this charge exacerbates difficulties caused by rising raw material costs.
Government bodies are discussing the potential reintroduction of the Merchant Discount Rate for UPI transactions.
From thehindu.com
Who's involved
- istCompany presumed to be managed by Sashi Kumar
- Sashi KumarIndian journalist, media entrepreneur, film director and actor
- Securities and Exchange Board of IndiaRegistration authority overseeing pilot projects utilizing DLT
- K. J. GeorgeIndian politician who received a memorandum regarding company matters
- Islamic StateSalafi jihadist militant Sunni Islamist group
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- istSpeculative
The company might face changes in operational costs related to transaction processing.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
Part of
Government bodies are discussing the potential reintroduction of the Merchant Discount Rate (MDR) for UPI transactions.Also in this story
- Goldman Sachs analyzed the impact of the new UPI Merchant Discount Rate (MDR) policy.
- The Government of India clarified that UPI fees remain free for users, but noted that an Act amendment is needed to introduce potential Merchant Discount Rate (MDR).