UPI Charge Not Tax, 96% Transactions Won't Be Unaffected

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The government and the National Payments Corporation of India stated that the Merchant Discount Rate is a payment-processing fee.
Officials emphasized that this charge is distinct from taxes, cesses, or surcharges.
The clarification aims to address concerns regarding the cost structure of UPI payments.
Approximately 96 percent of transactions are expected to remain unaffected by current payment dynamics.

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Named India · Government of India · National Payments Corporation of India

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