UPI will continue to be free for consumers, with no transaction fee imposed on person-to-person payments. …
Tag: MDR on UPI
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.…