World Connect News
The Central government has firmly ruled out any reconsiderations or rollbacks of its notified 0.4% Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) merchant transactions above Rs 2,000. Dismissing pushback from trade bodies and opposition factions, senior officials stated that the structural policy decision is final and will proceed …
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Centre Rebuts ‘External Pressure’ Claims on UPI Fee, Affirms 0.4% Charge Crucial for Ecosystem Sustainability
The Union Government has strongly rejected allegations of giving in to external pressure regarding its digital payment policy, clarifying that the newly announced 0.4 percent Merchant Discount Rate (MDR) on select high-value UPI transactions is a calculated domestic policy decision aimed purely at long-term infrastructure sustainability. Rebutting opposition claims that …
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