{"id":913314,"date":"2025-03-12T08:15:27","date_gmt":"2025-03-12T02:45:27","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=913314"},"modified":"2025-03-12T08:22:14","modified_gmt":"2025-03-12T02:52:14","slug":"free-upi-transactions-for-all-govt-may-rethink-policy-for-large-merchants","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/03\/12\/free-upi-transactions-for-all-govt-may-rethink-policy-for-large-merchants\/","title":{"rendered":"Free UPI transactions for all? Govt may rethink policy for large merchants"},"content":{"rendered":"<p>The government is reportedly considering a proposal to reinstate merchant discount rate (MDR) charges on Unified Payments Interface (UPI) and RuPay-powered debit card transactions, particularly for large merchants, according to two senior banking officials, reported ET. <\/p>\n<p>MDR, a fee paid by merchants to banks for processing real-time payments, is currently not levied on transactions made via UPI and RuPay debit cards. However, banking industry representatives have formally submitted a proposal to the Union government, recommending the reintroduction of MDR for businesses with an annual Goods and Services Tax (GST)-linked turnover exceeding Rs 40 lakh.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is reportedly considering a proposal to reinstate merchant discount rate (MDR) charges on Unified Payments Interface (UPI) and RuPay-powered debit card transactions, particularly for large merchants, according to two senior banking officials, reported ET. MDR, a fee paid by merchants to banks for processing real-time payments, is currently not levied on transactions made via UPI and RuPay debit cards. However, banking industry representatives have formally submitted a proposal to the Union government, recommending the reintroduction of MDR for businesses with an annual Goods and Services Tax (GST)-linked turnover exceeding Rs 40 lakh.<\/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-913314","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\/913314","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=913314"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/913314\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=913314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=913314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=913314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}