Finance Minister says UPI users will not pay merchant discount rate fees
Published · Updated
AI-generated summary of the coverage listed below: On Thursday, Finance Minister Nirmala Sitharaman clarified that the merchant discount rate (MDR) on UPI transactions will not be passed on to consumers. She explained that the charge is between payment operators and is not a tax, and that it applies only to high‑value person‑to‑merchant UPI transactions. The announcement aims to reassure users that their payments will remain cost‑free. QUOTE: "MDR on UPI transactions will not be burdened on consumers" — Nirmala Sitharaman
Covered by 3 outlets across the spectrum: 33% left, 0% center, 67% right.
Who is covering this story
- Left-leaning (1): The Federal
- Right-leaning (2): Times of India, Times Now
Sources
- GST on UPI MDR won’t affect small merchants, insists NPCI — The Federal (left-leaning)
- 'No burden for consumers': Sitharaman clarifies who will pay MDR on UPI transactions — Times of India (right-leaning)
- MDR On UPI Transactions Will Not Be Burdened On Consumers: Nirmala Sitharaman — Times Now (right-leaning)