Finance Ministry rejects foreign influence claims over UPI MDR, says India's digital payments decisions are made independently
September 16, 2026
1 min read
4 views
cybersecurity
news
newsapi
India's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discount Rate will apply to UPI payments over Rs 2,000. This charge will not affect consumers and most small merchants remain exempt. The reve
Was this article helpful?
0 found this helpful