Tag: Merchant Discount Rate
Photo: AI ImageNo Charges on RuPay and UPI Payments Up to ₹2,000: Centre Issues Gazette Notification
New Delhi: The government has directed banks and payment system providers not to levy charges on Unified Payments Interface (UPI) transactions of up to Rs 2,000 or on payments made through RuPay debit cards. However, the government has not specified whether charges would be applicable to transactions above Rs 2,000, to be paid by merchants.…
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