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Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

Times of India

ScienceTimes of India·Aug 7, 2026·1 min read

Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

In a recent statement, Finance minister Nirmala Sitharaman emphasized that UPI transaction charges will be applicable to merchants rather than customers. She explained that any Merchant Discount Rate (MDR) imposed would be instrumental in…

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