UPI Charges Only for Merchants, Not Customers, Says Nirmala Sitharaman on Proposed Tax Bill

The Finance Minister clarified that any future Merchant Discount Rate (MDR) on UPI transactions would apply only to merchants, while the proposed amendment merely provides the legal framework for future decisions. Finance Minister Nirmala Sitharaman on Thursday clarified that any future Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions would apply only to […] The post…