{"id":1027004,"date":"2026-08-07T08:55:45","date_gmt":"2026-08-07T03:25:45","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1027004"},"modified":"2026-08-07T10:04:05","modified_gmt":"2026-08-07T04:34:05","slug":"lok-sabha-clears-bill-allowing-centre-to-permit-banks-to-levy-charges-on-upi-transactions-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/07\/lok-sabha-clears-bill-allowing-centre-to-permit-banks-to-levy-charges-on-upi-transactions-2\/","title":{"rendered":"Lok Sabha clears bill allowing Centre to permit banks to levy charges on UPI transactions"},"content":{"rendered":"<p>The Lok Sabha on Thursday passed a Bill to amend the Payment and Settlement Systems Act, 2007, authorising the government to permit banks and other payment service providers to levy charges on payments made through the Unified Payments Interface (UPI) and other notified electronic payment modes. <\/p>\n<p>The amendment, passed without discussion amid disruptions, seeks to remove the existing legal provision that bars banks and payment service providers from levying Merchant Discount Rate (MDR) on notified electronic payment modes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lok Sabha on Thursday passed a Bill to amend the Payment and Settlement Systems Act, 2007, authorising the government to permit banks and other payment service providers to levy charges on payments made through the Unified Payments Interface (UPI) and other notified electronic payment modes. The amendment, passed without discussion amid disruptions, seeks to remove the existing legal provision that bars banks and payment service providers from levying Merchant Discount Rate (MDR) on notified electronic payment modes.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-1027004","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1027004"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027004\/revisions"}],"predecessor-version":[{"id":1027045,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1027004\/revisions\/1027045"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1027004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1027004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1027004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}