Why is mdr upi in the news?
MDR on person-to-merchant UPI payments above Rs 2,000 is in the news because the Reserve Bank of India (RBI) has introduced a new rule that affects these transactions. According to the RBI, merchants will be charged a Merchant Discount Rate (MDR) of 0.4% for UPI transactions above Rs 2,000. This change aims to reduce the … Read more