UPI merchant discount rate will not go to government treasury
Headline by Prism · from 1 report
Finance Minister Nirmala Sitharaman clarified that the proposed merchant discount rate on UPI transactions over 2,000 rupees will not go to the government treasury and will not be charged to customers.
SambadThe brief
Written by software from the 1 report below.
- A 0.4 percent merchant discount rate (MDR) will be applied to UPI transactions exceeding 2,000 rupees starting October 15.
- The funds collected from this rate will be distributed among banks, payment gateways, and UPI app providers instead of the government.
- Merchants are responsible for this fee, ensuring that individual person-to-person payments remain free for customers.
- The government states that this measure will not affect 96 percent of UPI transactions in the country.
- Proceeds from the MDR are intended to support infrastructure maintenance, innovation, and enhanced security for the UPI system.
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Nirmala Sitharaman
Finance Minister
1 quote · 1 outlet
“ତାହା କୌଣସି ଶୁଳ୍କ, ସେସ୍ କିମ୍ବା ସର୍ଚାର୍ଜ ନୁହେଁ। ଏଥିରୁ ସଂଗ୍ରହ ହେବାକୁ ଥିବା ପାଣ୍ଠି ସରକାରୀ ରାଜକୋଷରେ ଜମା ହେବ ନାହିଁ। ଏହା ସହ ସରକାରଙ୍କ କୌଣସି ସମ୍ପର୍କ ନାହିଁ”
In the article
…ନୂଆଦିଲ୍ଲୀ: ଦୁଇ ହଜାର ଟଙ୍କାରୁ ଅଧିକ ମୂଲ୍ୟର ୟୁପିଆଇ କାବରାର ଉପରେ ମର୍ଚାଣ୍ଟ ଡିସ୍କାଉଣ୍ଟ ରେଟ୍ (ଏମ୍ଡିଆର୍) ଲାଗୁ କରାଯାଇଛି। ତାହା କୌଣସି ଶୁଳ୍କ, ସେସ୍ କିମ୍ବା ସର୍ଚାର୍ଜ ନୁହେଁ। ଏଥିରୁ ସଂଗ୍ରହ ହେବାକୁ ଥିବା ପାଣ୍ଠି ସରକାରୀ ରାଜକୋଷରେ ଜମା ହେବ ନାହିଁ। ଏହା ସହ ସରକାରଙ୍କ କୌଣସି ସମ୍ପର୍କ ନାହିଁ ବୋଲି ଅର୍ଥମନ୍ତ୍ରୀ ନିର୍ମଳା ସୀତାରମଣ କହିଛନ୍ତି। ପ୍ରସ୍ତାବିତ ଏମ୍ଡିଆର୍ର ୪୦ ପ୍ରତିଶତ ରାଶି ଗ୍ରାହକଙ୍କ ବ୍ୟାଙ୍କକୁ ଯିବ, ୩୦ ପ୍ରତିଶତ ରାଶି ପେମେଣ୍ଟ୍ ଗେଟ୍ୱେ ସୁବିଧା ପ୍ରଦାନକାରୀ ସଂସ୍ଥାକୁ ଯିବ, ୨୦ ପ୍ରତିଶତ ରାଶି ୟୁପିଆଇ ଆପ୍କୁ ଓ ଅବଶିଷ୍ଟ ୧୦…
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NamedIndia · National Payments Corporation of India · Nirmala Sitharaman
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