Gove me t
officials
have
i dicated
that
MDR
of
0.25%
to
0.4%
may
be
allowed
fo
UPI
t a sactio s
above
Rs
2,000,
with
a
ceili g
o
the
cha ge.
NEW
DELHI:
The
gove me t
said
o
Satu day
that
the
p oposed
me cha t
discou t
ate
(MDR)
fo
UPI
t a sactio s
will
be
omi al
a d
apply
o ly
to
a
limited
set
of
me cha ts
fo
t a sactio s
above
a
th eshold,
while
seeki g
to
assu e
use s
that
all
pe so -to-pe so
t a sactio s
will
emai
f ee
a d
co sume s
who
make
the
payme t
will
ot
face
a y
fees.”A
vast
majo ity
of
the
t a sactio s
will
emai
f ee
of
cha ge
fo
me cha ts
o
UPI.
MDR,
if
i t oduced,
will
o ly
be
th eshold-based
a d
ot
levied
o
a
bla ket
basis
to
all,”
the
stateme t
said,
addi g
that
the
UPI
a d
Se vices
Stee i g
Committee,
headed
by
NPCI,
will
decide
o
the
MDR,
if
a y.It
also
dismissed
epo ts
of
the
cha ges
bei g
imposed
u de
p essu e
f om
the
US,
which
was
see
to
be
pushi g
the
case
of
Visa
a d
Maste ca d
that
levy
MDR
o
c edit
ca d
a d
debit
ca d
t a sactio s,
which
a e
up
to
2%,
a d
usually
ot
passed
o
to
co sume s
u less
the
me cha t
is
kee
o
a
cash
t a sactio .
“If
exte al
p essu e
had
bee
a
facto ,
the
gove me t
would
ot
have
i t oduced
UPI
i
2016
o
made
it
f ee
of
cha ge
fo
both
me cha ts
as
well
as
citize s
si ce
Ja
2020
a d
e su ed
that
it
became
the
wo ld’s
la gest
eal-time
i te ope able
payme t
system.
Joi
co ve satio
All
Comme ts
→
Sha e
you
thoughts
i
the
comme ts
I sightful
Readi g
Developme t
Comme t
Be
espectful
·
TOI
commu ity
guideli es
The
ame dme t
should
be
viewed
i
the
co text
of
the
gove me t’s
b oade
objective
of
e su i g
that
I dia’s
digital
payme t
i f ast uctu e
emai s
sustai able,
competitive,
a d
capable
of
se vi g
the
cou t y’s
apidly
expa di g
digital
eco omy.”
The
fi a ce
mi ist y
a gued
the
move
was
ecessa y
to
expa d
the
i f ast uctu e
i to
u al
a d
semi-u ba
a eas.
Officials
have
i dicated
a
MDR
of
0.25%
to
0.4%
may
be
allowed
fo
UPI
t a sactio s
above
Rs
2,000,
p ovided
they
a e
ot
pe so -to-pe so ,
with
a
ceili g
o
the
cha ge.
