MDR has been a longstanding demand of the industry, citing the rising cost of payment processing amid a surge in server costs

Govt takes the first step to levy MDR on UPI

Finance Ministry may levy MDR on UPI for large merchants.

Proposal repeals section 10A, which banned UPI MDR.

MDR is a fee for digital transactions, not for consumers.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

Anand J