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No Foreign Nonsense: UPI Payments Get 0.4% Discount Rate

Finance

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No Foreign Nonsense: UPI Payments Get 0.4% Discount Rate

Listen up, you lot! The finance ministry just blasted the idea that foreign powers are pulling strings on UPI payments. Starting October 15, a 0.4% Merchant Discount Rate on transactions over ₹2,000 is rolling out, and it’s not a tax! This is about fortifying our payment system and backing small businesses. No nonsense here, just pure Indian grit!