UPI MDR decision completely professional, no external pressure: FM Sitharaman
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
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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
The petitioner has contended that UPI transactions of up to โน2,000 and all person-to-person transfers will remain free, while small merchants receiving up to โน1 lakh per month through UPI QR codes are exempted
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?
Jairam Ramesh asked whether the government's move on MDR was done to enable U.S. card companies to compete with UPI