MDR on P2M transactions in UPI can be less than 0.25% to compensate stakeholders
· thehindubusinessline.com
A provision in The Taxation and Other Laws (Amendment) Bill 2026, followed by the Reserve Bank of India Governor Sanjay Malhotra’s statement on Wednesday has raised the possibility of the Centre could be levying merchant discount rate (MDR) on UPI transactions soon
A provision in The Taxation and Other Laws (Amendment) Bill 2026, followed by the Reserve Bank of India Governor Sanjay Malhotra’s statement on Wednesday has ...