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No MDR will be charged on UPI transactions: Fin Min
The Northlines
|13 JUNE 2025
The finance ministry has said no Merchant Discount Rate (MDR) will be levied on transactions through Unified Payments Interface platforms.
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"Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading," the ministry said in a post on X on Wednesday. “Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains fully committed to promo
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