India opens the door to UPI merchant fees, with rates and scope still undecided
- 1India has paved the way for banks and payment providers to charge UPI merchant fees
- 2The MDR under discussion is 0.3–0.5%, targeting high-value transactions at large merchants
- 3July saw 23.6 billion transactions worth $313.5 billion; expansion to small merchants raises concerns over slower uptake
This 3-line summary is compiled from the report below.
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