Business2 hours ago
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Finance Ministry Proposes MDR on UPI: Impact on Users Explained
The Finance Ministry's proposal to enable merchant discount rates (MDR) on UPI could significantly affect users. By scrapping the zero MDR provision, UPI customers may face new fees, altering the landscape of digital payments in India. This decision aims to balance merchant costs while maintaining UPI's growth and accessibility for consumers.
βοΈ AI Verdict
"Looks like UPI users might need to dig a little deeper into their pockets!"
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