Centre rejects claims of foreign pressure behind new UPI charges
- The Centre rejected claims that foreign pressure influenced its decision to introduce charges on some UPI payments.
- The government said UPI policy decisions are made independently, with the goal of building a stronger digital payments system.
- Under the new framework, a 0.4% Merchant Discount Rate MDR will apply to some UPI transactions above ₹2,000 from October 15.
- Payments up to ₹2,000, person-to-person transfers and small-business QR payments will remain free under the framework.
Source: hindustantimes.com
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