Finance Ministry to discuss UPI MDR with IBA to keep charges from consumers
Published · Updated
AI-generated summary of the coverage listed below: The Indian government will meet with the Indian Bankers Association to review the new Merchant Discount Rate (MDR) for UPI transactions, aiming to prevent the cost from being passed to consumers. The meeting will also plan an outreach program to address doubts and facilitate a smooth rollout of the mechanism. The discussion reflects the government's intent to protect consumers while implementing the new payment fee structure.
Covered by 4 outlets across the spectrum: 0% left, 50% center, 50% right.
Who is covering this story
- Center (2): The New Indian Express, The Hindu BusinessLine
- Right-leaning (2): India TV English, Times Now
Sources
- UPI merchant payment row: Banks to monitor UPI MDR is not passed on to consumers — India TV English (right-leaning)
- MDR ‘not a tax’: Finance Ministry to talk to banks, IBA, traders to prevent consumer burden — The New Indian Express (center)
- Finance Ministry to talk to IBA to ensure MDR is not passed on to consumers — The Hindu BusinessLine (center, AI-estimated)
- Govt To Discuss Measures To Ensure UPI MDR Charges Not Passed To Consumers: Sources — Times Now (right-leaning)