{"id":1038825,"date":"2026-09-26T08:54:05","date_gmt":"2026-09-26T03:24:05","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1038825"},"modified":"2026-09-26T08:56:31","modified_gmt":"2026-09-26T03:26:31","slug":"government-tells-banks-to-shield-consumers-from-upi-fees","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/26\/government-tells-banks-to-shield-consumers-from-upi-fees\/","title":{"rendered":"Government tells banks to shield consumers from UPI fees"},"content":{"rendered":"<p>The government is nudging banks and the Confederation of All India Traders (CAIT) to ensure UPI\u2019s Merchant Discount Rate (MDR) is not passed on to consumers, sources said, adding that it can\u2019t stop people from splitting transactions to avoid the charges also. <\/p>\n<p>\u201cBanks have been advised to ensure that merchants do not pass it on to customers,\u201d a senior official said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is nudging banks and the Confederation of All India Traders (CAIT) to ensure UPI\u2019s Merchant Discount Rate (MDR) is not passed on to consumers, sources said, adding that it can\u2019t stop people from splitting transactions to avoid the charges also. \u201cBanks have been advised to ensure that merchants do not pass it on to customers,\u201d a senior official said.<\/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":[63,4,12],"tags":[],"class_list":["post-1038825","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1038825","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=1038825"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1038825\/revisions"}],"predecessor-version":[{"id":1038861,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1038825\/revisions\/1038861"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1038825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1038825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1038825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}