Government Talks With Payment Platforms to Shield Consumers From UPI Fees

The record

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The Indian government is in talks with payment platforms to make sure merchant fees on UPI transactions are not passed on to consumers.
Merchant discount rates for UPI will come into effect from October 15.
Officials will closely monitor the situation from October 15 to protect consumers.
The government has said merchants will not face additional GST costs once the MDR is implemented.
The initiative aims to support more domestic players in the payments market and encourage innovation.

Whether payment platforms comply with the government's request not to pass merchant fees on to consumers from October 15.
Any monitoring action officials take after October 15 to protect consumers.
Details on how the MDR rollout affects merchants and domestic payment players.

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