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by cppenjoyer
1124 days ago
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https://www.thehindubusinessline.com/blexplainer/interchange... > Currently, MDR for bank-to-bank UPI transactions is zero. Introduction of MDRs on all UPI merchant (P2M) transactions seems unlikely at the moment as the government has maintained that UPI is a ‘public good’ and that it does not plan to introduce charges on UPI transactions. However, loading of wallets for UPI transactions could cost more if wallet issuers decide to pass on the 15 bps interchange required to be paid to remitter banks for loads of over ₹2,000. Didn't look too much into it, but I think it means that these charges are only applicable on PPI wallets. |
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