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).
6 reports, 4 independent
Updated Sep 23
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What happened
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).
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Opposition parties are pushing back against the proposed Merchant Discount Rate (MDR) framework for the UPI Payment System.Sub-event
Indian government mandates fee structure on UPI1 source
- Ashneer Grover criticizes the government regarding the levies placed on the UPI payment system.Sub-event
The Taxation Bill provides the legal framework to introduce MDR on UPI transactions.1 source
Government confirms UPI fees are free but notes an Act amendment is needed for potential MDR.1 source
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The entities involved
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Government of India
legislative, executive and judiciary authority of India