MDR on UPI Transactions: No Cost for Customers, Says FM

Listen up, people! Finance Minister Nirmala Sitharaman just laid the smackdown on the Merchant Discount Rate (MDR) for UPI transactions over ₹2,000. She declared it’s not a tax, not a cess, and it won’t cost you a dime! Merchants are handling this like champs, just like they do with card payments. So, relax and let the business pros handle the cash flow!