📱 Why UPI Charges May Be Needed? Understanding MDR
Published by OOPSONLINE.IN · Source: Outlook Business · 1 min read · · Updated
What actually happened
For millions of Indians, UPI has become synonymous with instant and free digital payments. But behind every QR-code scan and bank transfer lies an ecosystem of banks, payment service providers, fintech companies and technology infrastructure that has to be continuously funded. That is at the heart of the renewed debate over Merchant Discount Rate (MDR) on UPI. The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, which amends the Payment and Settlement Systems Act, 2007. The amendment removes the existing legal restriction on charging for specified electronic pay
Key points
- For millions of Indians, UPI has become synonymous with instant and free digital payments.
- But behind every QR-code scan and bank transfer lies an ecosystem of banks, payment service providers, fintech companies and technology infrastructure that has to be continuously funded.
- That is at the heart of the renewed debate over Merchant Discount Rate (MDR) on UPI.
- The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, which amends the Payment and Settlement Systems Act, 2007.
Summary based on data provided by Outlook Business. Full article available at the original publisher.
- #technology
- #charges
- #needed