Monitoring will be done to ensure that MDR are not passed to the consumer : DFS official
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AI-generated summary of the coverage listed below: The Indian government announced it will oversee the implementation of the 0.4% merchant discount rate (MDR) on UPI payments to ensure merchants do not pass the fee onto consumers. The decision follows opposition calls to roll back the rate on certain UPI transactions. Officials said the monitoring will involve checking merchant practices and tightening enforcement, with discussions already held with payment aggregators. QUOTE: "Efforts will be made to plug gaps in enforcement. Govt has held discussions with payment aggregator..." — India TV English
Covered by 7 outlets across the spectrum: 29% left, 28% center, 43% right.
Who is covering this story
- Left-leaning (1): The Federal
- Center (2): ABP Live English, The New Indian Express
- Right-leaning (3): Deccan Chronicle, India TV English, Times Now
Sources
- UPI MDR: Govt To Monitor Daily From October 15 To Ensure Merchants Don’t Pass Fee To Consumers — ABP Live English (center)
- UPI MDR: Centre to ensure merchants don’t charge customers — The Federal (left-leaning)
- UPI MDR unlikely to push up cash transactions: Finance Ministry — The Federal (left-leaning)
- Ahead of Oct 15 UPI Rollout, Govt Moves To Ensure Merchants Don’t Pass MDR to Consumers — Deccan Chronicle (right-leaning)
- Govt to ensure merchants absorb UPI MDR charges, not pass them to consumers: Sources — India TV English (right-leaning)
- Monitoring will be done to ensure that MDR are not passed to the consumer : DFS official — The New Indian Express (center)
- UPI Fee From October 15: How Govt Plans To Protect Customers From Extra Charges — Times Now (right-leaning)