{"id":915941,"date":"2025-03-21T08:37:08","date_gmt":"2025-03-21T03:07:08","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=915941"},"modified":"2025-03-21T09:02:09","modified_gmt":"2025-03-21T03:32:09","slug":"government-approves-rs-1500-crore-sop-to-boost-smaller-upi-payments-for-small-merchants","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/03\/21\/government-approves-rs-1500-crore-sop-to-boost-smaller-upi-payments-for-small-merchants\/","title":{"rendered":"Government approves Rs 1,500 crore sop to boost smaller UPI payments for small merchants"},"content":{"rendered":"<p>The Union Cabinet on Wednesday approved an incentive scheme worth approximately \u20b91,500 crore to promote UPI person-to-merchant (P2M) transactions below \u20b92,000. <\/p>\n<p>Under the scheme, no Merchant Discount Rate (MDR) -\u2014 the fee charged by payment processing companies to merchant companies \u2014 will be applicable on UPI transactions below \u20b92000. To further encourage the adoption of digital transactions, small merchants will receive a 0.15 per cent incentive per transaction for UPI payments under \u20b92,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet on Wednesday approved an incentive scheme worth approximately \u20b91,500 crore to promote UPI person-to-merchant (P2M) transactions below \u20b92,000. Under the scheme, no Merchant Discount Rate (MDR) -\u2014 the fee charged by payment processing companies to merchant companies \u2014 will be applicable on UPI transactions below \u20b92000. To further encourage the adoption of digital transactions, small merchants will receive a 0.15 per cent incentive per transaction for UPI payments under \u20b92,000.<\/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":[83,4,22],"tags":[],"class_list":["post-915941","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/915941","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=915941"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/915941\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=915941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=915941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=915941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}