NPCI says 10% of UPI transaction value faces potential MDR charges

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The National Payments Corporation of India states that most proposed UPI fees will be absorbed by large corporations.
Businesses with an annual turnover exceeding Rs 1,000 crore will account for 80 percent of the collected MDR.
These large entities already pay higher processing fees for credit card transactions.
The policy aims to limit the financial impact on smaller merchants and individual users.

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NPCI chief

1 quote · 1 outlet

“80 per cent of the MDR collected would come from businesses with annual turnover of more than Rs 1,000 crore, which already accept credit cards and pay significantly higher charges.”
[1]Deccan Herald2h agoOpen at the quote ↗
In the article
…Only 10% of UPI transaction value risks MDR charges; corporates to absorb most proposed fees: NPCI NPCI chief Dilip Asbe said that 80 per cent of the MDR collected would come from businesses with annual turnover of more than Rs 1,000 crore, which already accept credit cards and pay significantly higher charges.

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Named India · Dilip Asbe · National Payments Corporation of India

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