RBI Governor says new UPI MDR fee unlikely to reduce transaction volumes
By United One News · AI-generated summary of 4 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
The RBI governor said the new 0.4% UPI merchant fee, effective Oct 15, will not curb UPI usage.
- The fee applies only to person‑to‑merchant UPI transactions over ₹2,000.
- Consumers will continue to use UPI without paying the fee.
- The RBI governor expects UPI volumes to remain stable.
Covered by 4 outlets across the spectrum: 25% left, 75% center, 0% right.
How each side framed it
Left-leaning: Emphasizes that the fee is small and will not hurt UPI usage. (AI-generated summary of how this side framed it)
Small MDR fee unlikely to dent UPI volumes, says RBI Governor Sanjay Malhotra
Center: Highlights the new fee structure and its limited impact on consumer transactions. (AI-generated summary of how this side framed it)
Small MDR fee unlikely to hit UPI volumes, says RBI Governor Sanjay Malhotra on UPI-MDR charges from Oct 15
Timeline
First reported by Business Today on ; 4 articles from 4 outlets so far.
Who is covering this story
- Left-leaning (1): The New Indian Express
- Center (3): Business Today, YourStory, The Hindu BusinessLine
Sources
- Small MDR fee unlikely to hit UPI volumes, says RBI Governor Sanjay Malhotra on UPI-MDR charges from Oct 15 — Business Today (center) ·
- Small MDR fee unlikely to dent UPI volumes, says RBI Governor Sanjay Malhotra — The New Indian Express (left-leaning) ·
- MDR a small fee, will not have major impact on UPI volumes: RBI Guv Malhotra — YourStory (center) ·
- A small fee on UPI transactions will not have a major impact on volumes: RBI GUV — The Hindu BusinessLine (center) ·