Will UPI payments become chargeable? The Government of India has clarified that ordinary users will not have to pay any transaction charge for person-to-person UPI payments or most merchant transactions. However, the government has indicated that a nominal Merchant Discount Rate (MDR) may be introduced in the future for select high-value merchant transactions. The issue has also triggered a political debate, with Congress questioning the legal changes and Finance Minister Nirmala Sitharaman responding. Here’s what the proposed change means, what MDR is, and whether it could affect customers or shopkeepers.
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