organization · 3 records
Parliamentary Standing Committee on Finance
UPI charges row: Chidambaram among 5 Congress MPs who had backed revenue framework
A parliamentary Standing Committee on Finance report, which included Congress MPs, recommended implementing a revenue framework for UPI transactions to ensure ecosystem sustainability.
5 outlets · 2 languages Markets read
Zero-MDR gave banks no return on UPI merchant onboarding costs
The Indian government is implementing a new merchant discount rate framework for UPI transactions to support ecosystem sustainability while exempting small transactions.
1 outlet Markets read
Finance Ministry proposes reinstating merchant discount rates for UPI transactions
The Indian Finance Ministry has proposed amendments to the Payment and Settlement Systems Act to reinstate merchant discount rates on UPI transactions for sustainable funding.
1 outlet Markets read