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The All India Mobile Retailers Association (AIMRA) has urged the Union Finance Ministry to exempt small and medium mobile retailers from any proposed Merchant Discount Rate (MDR) or transaction charges on UPI payments, citing pressure on already thin business margins. In a letter to Finance Minister Nirmala Sitharaman, AIMRA said it represents more than 1.50…
News explainers Can A Shopkeeper Charge You Extra From October 15 For Paying By UPI? 7 Questions Answered Last Updated:September 16, 2026, 2:43 PM IST The government says about 96 per cent of merchant UPI transactions will remain unaffected as they are either below the Rs 2,000 threshold or covered by the zero-MDR framework UPI…
Be it a tea shop or a shopping mall, buy vegetables or eat Golgappa. Scanned the QR code and payment was made. But from October 15, there is going to be a big change in this story of UPI. In particular, 0.4 percent Merchant Discount Rate (MDR) will be applicable on payments made to some…
News explainers From Rs 40 Chai To Rs 30,000 Rent: What The New Rs 2,000 UPI Rule Means For Your Wallet Last Updated:September 15, 2026, 2:15 PM IST Could UPI charge you for bigger payments in the future? That is the question many users may have after the government notified new rules putting a Rs…
You probably do not remember the last time you paid a fee for a UPI transaction. That is precisely what makes the current debate around UPI so interesting. For millions of Indians, paying Rs 30 for chai, Rs 200 for groceries or sending Rs 500 to a friend has become so routine that the payment…
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…
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,”…