-mdr-only-on-large-merchant-deals News in Hindi -1 News Headlines Found

UPI users get relief: No charges on P2P payments, MDR only on large merchant deals

Parwinder Sandhu
New Delhi, Sep 15 (UNI) Unified Payments Interface (UPI) payments between individuals will continue to remain completely free irrespective of the transaction value, while a nominal Merchant Discount Rate (MDR) will be imposed only on person-to-merchant (P2M) transactions exceeding Rs 2,000, the Ministry of Finance said on Tuesday.

#UPI users get relief: No charges on P2P payments # MDR only on large merchant deals