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Results for "UPI MDR"

2 results
Customer making a UPI QR payment at an Indian shop as the government clarifies that MDR will not be charged to consumers
IndiaDigital India

UPI MDR Clarification: Nirmala Sitharaman Says It Is Not a Tax, Customers Won’t Pay Extr

Finance Minister Nirmala Sitharaman says the new UPI MDR is not a tax and cannot be passed on to customers. Here is who actually pays, what changes from October 15 and which UPI transactions remain free.

Updated 25 Sept 202614 min read
Indian traders symbolically covering UPI QR payment devices during a protest against the new merchant discount rate
IndiaDigital India

No UPI Day on October 2: Why Traders Are Protesting New UPI MDR and What Customers Need to Know

Several trader associations have called for a voluntary “No UPI Day” on October 2 against the new MDR on some merchant UPI payments above ₹2,000. UPI itself will not shut down, customers will not pay the MDR, and most transactions remain free.

Updated 24 Sept 202617 min read