The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- The Indian government ordered banks to ensure that Merchant Discount Rate (MDR) charges on UPI transactions above 2,000 rupees are not passed on to users.
- Official sources stated that this policy adjustment aims to strengthen payment infrastructure and security mechanisms while expanding UPI access in rural and semi-urban regions.
- The government will closely monitor compliance to protect the vast majority of transactions from additional costs.
- This initiative is expected to encourage further adoption of digital payments among citizens and merchants.
What to watch next
- Government monitoring of bank compliance regarding MDR charges
- Impact of MDR implementation on UPI adoption rates
- Potential adjustments to payment infrastructure funding
Coverage1
1 report
Indian-language1
All filed from India
Named India · Ministry of Finance
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