if the merchant discount rate (MDR), a cost that businesses pay to their acquiring banks, should be reinstated for UPI transactions
The RBI document is accessible for comments until October 3 and asks 40 questions to elicit views on the cost structure for various digital payment systems.
It covers every facet of fees in payment systems, including as IMPS RTGS UPI NEFT
The payments sector has traditionally demanded MDR, or merchant discount rate, on UPI transactions.
For UPI transactions, the government has established a "zero-charge framework,"
UPI is a digital public utility that offers the public great ease and boosts economic output.