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The Dharwad Chamber of Commerce and Industries has urged the government to withdraw Merchant Discount Rate charges on specified UPI transactions, saying the levy would increase the burden on traders and could eventually raise prices for consumers
Sitharaman rubbished the Opposition's allegations that the government had yielded to foreign pressure, saying the MDR was not a tax and would not accrue to the government
Swadeshi Jagran Manch co-convener Ashwani Mahajan says UPI transaction fee is most unfortunate, demeaning an achievement of Bhara
What is the new UPI MDR system? Who will have to pay the charges? Which transactions will remain free? How much could banks and payment platforms earn?