Indian Bank plans to stop UPI MDR charges from reaching consumers
By United One News · AI-generated summary of 2 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
Indian Bank is developing ways to keep UPI merchant discount rates from being passed to consumers, possibly absorbing part of the fee.
- Indian Bank is working on mechanisms to prevent UPI MDR from being passed on to consumers.
- The bank may absorb part of the merchant charge when it acts as the acquiring bank.
- SBI aims to increase UPI transactions to 5 crore per day through its Yono platform.
Covered by 2 outlets across the spectrum: 0% left, 50% center, 50% right.
How each side framed it
Center: Focus on stopping MDR transfer to consumers and absorbing merchant fees. (AI-generated summary of how this side framed it)
Indian Bank working on mechanisms to prevent UPI MDR being passed on to consumers
Right-leaning: Emphasis on boosting UPI usage to 5 crore daily via Yono. (AI-generated summary of how this side framed it)
Banks, NPCI to ensure MDR not passed on: SBI
Timeline
First reported by The Hindu BusinessLine on ; 2 articles from 2 outlets so far.
Who is covering this story
- Center (1): The Hindu BusinessLine
- Right-leaning (1): Times of India