Government rules out rollback of new UPI merchant fee despite Rahul Gandhi’s criticism
- The government has ruled out rolling back the 0.4% Merchant Discount Rate MDR on UPI merchant payments above ₹2,000.
- The new MDR framework will take effect from October 15, while person-to-person UPI payments will remain free.
- The government says 96% of merchant UPI transactions will remain unaffected, including payments up to ₹2,000.
- The move has drawn criticism from Rahul Gandhi, who has alleged the charges could ultimately increase costs for customers.
Source: timesofindia.indiatimes.com
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