India paves way for return of merchant fees on UPI; what it means
Asia-Pacific2 sources2 countries🔦 Under-reported41m ago
India has moved closer to reintroducing merchant fees on transactions made through the Unified Payments Interface (UPI) following the introduction of proposed changes to the country's payments laws in parliament on Tuesday. UPI currently operates as one of the world's largest real-time payments networks.
The Merchant Discount Rate (MDR) represents the fee that merchants pay to banks and payment service providers for processing digital transactions. In India, credit card payments typically attract an MDR of approximately 1.5%.
In-depth summary · AI, neutral
How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
Times of India (IN)Explains the definition and existing baseline rates of Merchant Discount Rate.
Express Tribune (Karachi, Pakistan) (PK)Emphasizes the parliamentary legislative process and UPI's global scale.
Newz