Skip to content
The Mumbai

UPI MDR Debate: Traders Divided Over 40 Basis Point Charge On Large Digital Payments, Warn Of Cash Shift And Tax Risks

UPI MDR Debate: Traders Divided Over 40 Basis Point Charge On Large Digital Payments, Warn Of Cash Shift And Tax Risks
Photo: Free Press Journal · view original

Mumbai: Traders are divided over the National Payments Corporation of India’s (NPCI) decision to levy a 40-basis-point merchant discount rate (MDR) on Unified Payments Interface (UPI) merchant transactions above Rs 2,000, with some industry bodies supporting the move while others warn that it cou...

Sources and story details