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businessregulatory action1 source · 3h ago

Govt looks to bring back merchant fee on 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.

Affected◉ India▪ UPI◇ Amrish Rau▪ Finance Ministry▪ Lok Sabha▪ National Payments Corporation of India◇ Nirmala Sitharaman▪ Parliamentary Standing Committee on Finance▪ Pine Labs
⌗ 1 outlet · 1 origin · Balanced
India × 1

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Govt looks to bring back merchant fee on UPI transactions — Prism