Business1 hour ago
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UPI Payment Changes: Merchant Fees Introduced for Transactions
Recent UPI regulation updates introduce a Merchant Discount Rate, impacting transaction fees. While consumers enjoy free person-to-person transfers, merchants face a 0.4% charge on payments over 2000 rupees. This initiative aims to enhance sustainability in India's digital payment landscape.
⚖️ AI Verdict
"Looks like merchants are picking up the tab while consumers keep it free—talk about a digital payment twist!"
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File ID: #393547Original Source: Times Of India ↗
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