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UPI to remain free for consumers; small merchants unaffected by ongoing MDR debate: Government
Amidst ongoing discussions regarding the imposition of a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions, the Payments Council of India (PCI) clarified on Friday that UPI will remain completely free for general consumers. Furthermore, small merchants will not be required to pay any charges for accepting UPI payments.
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