Introduction of MDR on large value transactions to strengthen UPI's long-term sustainability: RBI

The introduction of Merchant Discount Rate (MDR) on largevalue UPI transactions is an important step towards strengthening the longterm sustainability of India's digital payments ecosystem, the Reserve Bank said on Tuesday following a proposal to levy a 0.4% fee on transactions exceeding ₹2,000.
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- Category: Economy.
- Assessed as a significant, market-relevant update.
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