Business1 hour ago
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FM Sitharaman Clarifies 0.4% MDR on UPI Payments Over ₹2,000
Finance Minister Nirmala Sitharaman confirms that the 0.4% MDR on UPI payments over ₹2,000 will be borne by merchants starting October 15, 2026. This clarification aims to ease concerns among consumers regarding transaction fees. The new policy is part of efforts to regulate digital payments in India and enhance merchant compliance.
⚖️ AI Verdict
"Looks like merchants will be the ones feeling the pinch!"
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File ID: #405177Original Source: LiveMint Money ↗
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