Finance Ministry dismisses speculation of MDR of UPI transactions, says claims false, baseless
New Delhi [India], June 11 (ANI): The Finance Ministry on Wednesday termed as “false, baseless, and misleading” speculation that the Merchant Discount Rate (MDR)will be charged on UPI transactions.
“Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading. Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens,” Finance Ministry said in a post on X.
