The record
Written from the 1 report below. Nothing here is unsourced.
- The Chamber of Trade and Industry has petitioned the Ministry of Finance to reconsider Merchant Discount Rate charges on Unified Payments Interface transactions.
- Representatives argue that fees on larger transactions may discourage digital payments.
- A shift back toward cash usage is cited as a potential consequence of these charges.
- The request aims to maintain the adoption of digital transaction methods among traders.
What to watch next
- Decision from the Ministry of Finance regarding the MDR charges
- Response from digital payment stakeholders to the trade body's concerns
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Named India · Ministry of Finance · Chamber of Trade and Industry
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