Digital payments in India might soon see a shift as MDR (Merchant Discount Rate) charges could make a comeback on UPI transactions!
This means that businesses accepting UPI payments may have to bear additional costs, which could impact consumers in the long run.
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?