Brind.
  1. UPI payment system regulation and Merchant Discount Rate changes
  2. The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.
  3. The government introduced a new structure for Merchant Discount Rate (MDR) via a ministry circular.

The Steering Committee decided to defer the Merchant Discount Rate (MDR) levy, amidst legal challenges and industry criticism.

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The Steering Committee decided to defer the Merchant Discount Rate (MDR) levy, amidst legal challenges and industry criticism.

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