UPI MDR is coming: Can a Rs 6,000 bill be split into three Rs 2,000 payments to avoid charges? For now, NPCI has no daily cap

NPCI reportedly does not currently plan to introduce a separate daily limit on repeated UPI payments.…

‘To strengthen UPI’s long-term sustainability’: RBI backs 0.4% MDR on transactions above Rs 2,000

The RBI said the move would help UPI “continue to scale, innovate and serve consumers.” NEW…

What is MDR that is being proposed for UPI transactions, who pays the final cost? Explained

If an MDR is introduced in the future it will only be applicable to a limited…

Taxation bill to promote electronic manufacturing clears LS; allows provision for MDR on UPI transactions

The Taxation and Other Laws (Amendment) Bill is aimed at drawing more foreign capital into India.…