NPCI clarified that GST on UPI Merchant Discount Rate will not burden most small merchants, as transactions up to Rs 2,000 remain MDR-free. It said over 96 per cent of UPI merchant transactions fall ...

Sitharaman emphasized that this charge is between payment operators and not a tax, stating it aims to enhance service rather than burden customers.

Finance Minister Nirmala Sitharaman has clarified the new UPI Merchant Discount Rate framework, stating that consumers will ...

નાણામંત્રીના પ્રમાણે, MDRને લઈને લોકો વચ્ચે અફવાઓ ફેલાવવામાં આવી રહી છે. તેમણે કહ્યું કે, આ કોઈ ટેક્સ કે સેસ નથી અને તેનાથી ...

Individuals use their regular UPI ID for P2P payments, while P2M payments require the recipient to register as a merchant and obtain a merchant UPI ID or QR code.

Is UPI still the most affordable digital payments tool? Today we take a look at what the NCPI's FAQ document states about how ...

Nirmala Sitharaman said that the Merchant Discount Rate (MDR) transaction charges on UPI payments will not be passed on to the consumers.

NPCI states GST on UPI Merchant Discount Rate is not a burden. Transactions under two thousand rupees have zero MDR and no GST. Over ninety-six percent of merchant transactions are below this ...

Discover how the 18% GST on UPI merchant discount rate (MDR) will affect businesses, especially exempt sectors and those with thin margins. Understand compliance challenges and cost implications for ...

Union Finance Minister Nirmala Sitharaman clarified that UPI transaction charges will not be passed on to consumers, maintaining that payments remain completely free for citizens. She slammed the oppo ...

UPI payments for mutual fund and other capital-market transactions will attract a 0.02% MDR from October 15, capped at ₹300 ...

The National Payments Corporation of India (NPCI) will introduce a 0.4% merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions exceeding Rs2,000 ($20.8) with the charges to be a ...