India opens the door to UPI merchant fees, with rates and scope still undecided

1. 1India has paved the way for banks and payment providers to charge UPI merchant fees
2. 2The MDR under discussion is 0.3–0.5%, targeting high-value transactions at large merchants
3. 3July saw 23.6 billion transactions worth $313.5 billion; expansion to small merchants raises concerns over slower uptake

Source BBC +2 · View original ↗

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