Economic TimesLean R·
UPI's free ride faces a post-Diwali twist
Mumbai: The introduction of merchant discount rate (MDR) on select UPI merchant payments has been deferred until after Diwali, giving merchants and payment companies more time to prepare for the first significant pricing change in India’s largest digital payments network.The UPI and Services Steering Committee on Tuesday decided that, keeping in mind the festive season, the levy on select person-to-merchant (P2M) transactions will be implemented immediately after Diwali. The exact date will be …
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