Big news for UPI users! What will the new MDR structure change in the payment system?
Eligible merchant UPI transactions above ₹2,000 will be subject to an MDR charge of 0.4%. Zero-MDR facility has been retained for P2P transactions and eligible small traders. The new MDR structure is likely to boost UPI security, technology and payment infrastructure. More than 3 crore micro enterprises with monthly income below Rs 1 lakh will … Read more