UPI MDR Row: Government Moves to Ensure Merchants Don’t Pass Charges to Consumers | News18

The government is stepping up efforts to ensure that Merchant Discount Rate (MDR) charges on eligible UPI merchant transactions are not passed on to consumers. Banks have been advised to prevent merchants from transferring MDR costs to customers.The latest UPI framework keeps person-to-person payments free, while MDR applies only to specified merchant transactions above ₹2,000. The government says around 96% of UPI merchant transactions will remain unaffected.Watch the full report for the latest details on UPI payments, MDR, consumer protection and the government’s plans for India’s digital payment ecosystem. -newsNews18 Mobile App - https://onelink.to/desc-youtube