With the potential return of MDR (Merchant Discount Rate) fees on UPI transactions, digital payments in India may soon undergo a change!
This implies that companies who take UPI payments would have to pay more, which could eventually affect customers.
While UPI has revolutionized cashless transactions with its zero-cost framework, banks and payment service providers have been advocating for MDR fees to sustain the ecosystem. If implemented, this change could affect millions of users who rely on UPI for seamless transactions.
Stay updated and keep an eye on how this decision unfolds!
What are your thoughts on UPI charges? Will it affect your daily transactions?
