PolicyInc42about 2 hours ago
UPI MDR Fees Proposed After Diwali
8 min read
India's NPCI proposes introducing Unified Payments Interface merchant discount rate charges after Diwali. Eligible P2M transactions above ₹2,000 would attract a 0.40% fee, capped at ₹300. Retail traders protested but withdrew following a meeting with finance minister Nirmala Sitharaman. September transaction volumes fell 1.8% to 24.07 Bn while values dropped 1.5% to ₹29.37 Lakh Cr.
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