'No burden for consumers': Sitharaman clarifies who will pay MDR on UPI transactions
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Finance Minister Nirmala Sitharaman addressed concerns over the Merchant Discount Rate charges, emphasizing that UPI users will face no additional financial burden. These charges apply solely to payment operators and do not treat consumers as taxpayers. The revised rule targets only high-value Person-to-Merchant UPI transactions, meaning most users will transact without incurring extra fees. The government has expressed its commitment to this decision, ruling out any changes. What's Your Reaction?
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