Sebi discusses new UPI merchant charges with NPCI as brokers flag cost concerns
60-Word AI Digest
The new framework mandates an MDR of 0.4% on person-to-merchant (P2M) UPI transactions above ₹2,000. For transactions of ₹75,000 and above, the fee is capped at ₹300 per transaction.
Key Takeaways
- The new framework mandates an MDR of 0.4% on person-to-merchant (P2M) UPI transactions above ₹2,000.
- For transactions of ₹75,000 and above, the fee is capped at ₹300 per transaction.
- Full details and original dispatch available below.
The new framework mandates an MDR of 0.4% on person-to-merchant (P2M) UPI transactions above ₹2,000. For transactions of ₹75,000 and above, the fee is capped at ₹300 per transaction.
Original Publisher Attribution
This summary was curated from Livemint.