MDR Archives

Will You Be Charged For UPI Transactions Soon? What The Fin Ministry Says

DainikNews Live Admin10 months ago04 mins

Last Updated:June 12, 2025, 08:34 is UPI Charges News: MDR is a fee that banks typically charge merchants for processing payments instantly. Fin Ministry denies claims that MDR will be charged on high-ticket transactions soon. UPI Charges News: Rumours on social media have been swirling that the Unified Payment Interface (UPI) might become more expensive…

Will UPI Transactions Be Charged? Here’s What Finance Ministry Says

DainikNews Live Admin10 months ago04 mins

New Delhi: The Finance Ministry on Wednesday said that “speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading”. “Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains fully committed to promoting digital payments via UPI,”…