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Govt may reimpose MDR charges on UPI, RuPay transactions: Report
short by Mansi Agarwal / on Tuesday, 11 March, 2025
The government is considering a proposal to bring back merchant discount rate (MDR) charges on UPI and RuPay-powered debit card transactions, the ET reported. MDR is a fee paid by the merchant to the bank for processing real-time payments. The fee could be reimposed on merchants with an annual GST-based turnover of more than ₹40 lakh.
read more at Financial Express