Story thread · 10 reports / 5 sources

Will you have to pay to use UPI? 7 FAQs on possible MDR & what it means for consumers

timesofindia.indiatimes.com · 4dShare

The government is expected to permit a Merchant Discount Rate (MDR) of between 0.25% and 0.4% on UPI transactions above Rs 2,000 made to businesses, while person-to-person payments are likely to remain outside the scope of the proposed levy. The proposal is not expected to affect routine purchases such as milk, vegetables, groceries or payments for auto-rickshaw and taxi services.

First report: Indian economy to hit $5-trillion mark in FY29 as per IMF: Finance Minister Nirmala Sitharaman — thehindu.com, 7d