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🚨 FM NIRMALA SITHARAMAN : "Opposition searching for issues as it is not able to attack govt. Above Rs 2,000 UPI, the MDR charge will be borne by the trader, the merchant, bankers and others. It cannot be passed on to the consumer 🔥 It is neither tax nor... show more

News Algebra

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118,276 次观看 • 7 天前 •via X (Twitter)

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35 条评论

krishu 的头像

krishu7 天前

She thinks vendors are fools and support her tax looting. They won't charge to costumers. Why they have to pay additional tax. It's just looting . She knew that the maintenance of UPI infra costs around 1000 crore n govt hs saved money of around 5000 crores fr cash printing.

Dreamer 的头像

Dreamer7 天前

Our Indian merchants will not follow, they will either ditch UPI entirely or make customer pay!!..

Dimagi Naxal 的头像

Dimagi Naxal7 天前

Just like how excise duty on Petrol and diesel is not passed to the customers. Petrol bunk owners are bearing loss and paying from their pockets

OG Reply Guy 的头像

OG Reply Guy7 天前

Why don’t u cut down on freebies and fund this ?

Gaurav #GetLiberated 的头像

Gaurav #GetLiberated7 天前

Everything is passed on to and paid by consumer. Being FM, she should atleast know that. If nothing is in FM hand, why is she sitting on that chair. She should resign.

Stallion Capitals 🇮🇳🪷🇺🇸🇬🇧 的头像

Stallion Capitals 🇮🇳🪷🇺🇸🇬🇧7 天前

le merchants banning upi as payment mode

पंडित गंगाधर 的头像

पंडित गंगाधर7 天前

Dear FM do you even know that now also no vendor or merchant pays MDR ? Have you been to shopping by yourself ? The moment you say i will pay ...first thing the vendor say. "Card Se 3% extra lagega..." Which LALA Land you live in Mam ?? Come and face & see the reality as it is not as told by your babus.

Suvro 的头像

Suvro7 天前

MOOD of the Nation today if elections are held today free and fair BJP or NdA has no sign of winning they will be double digit.The anger is visible everywhere due to unfriendly policies of the government in recent times

Markandaiya Acharya 的头像

Markandaiya Acharya7 天前

This is the biggest issue which is going to push a lot of your supporters to the opposition camp

Mr. Professor 的头像

Mr. Professor7 天前

Madam, You are applying Tax on MDR charges, At least don't lie about it...

Indian 的头像

Indian7 天前

@nsitharaman Madam, many shopkeepers in Vasai are telling customers to pay in cash or pay extra if they choose UPI. If UPI is supposed to be free for customers, how will the government stop shopkeepers from passing charges on to customers?

NotSoFunny 的头像

NotSoFunny7 天前

Let me give you an example: a phone costs Rs 1000. Govt taxes the imported components around 10% and says this is a tax on the company, not on the consumer. The company prices the phone around 1500. Who is the clone here? Consumer, right? 🤡

infowithsouravv 的头像

infowithsouravv7 天前

UPI without the tension the extra burden won’t be passed on to customers. Good clarification by the Finance Minister 😂🔥

pratik shah 的头像

pratik shah7 天前

In a country where 10 rs is charged over MRP on cold drinks, ice creams etc E1 today at majority places, this lady is saying the cost will not be passed to consumers.. I wonder which world do they live in..kabhi aam aadmi ki tarah jindagi toh bitao!

shakeel bappidi 的头像

shakeel bappidi7 天前

Dont worry nirmala ji, you please focus on how to loot the public.

InfinityAuthenticator 的头像

InfinityAuthenticator7 天前

She lives in a dream world if she thinks this wont be passed onto the consumers. If they need the amt to help fund the infrastructure for future needs, they should say so directly and clearly

BIBHU 的头像

BIBHU7 天前

That merchant are also consumer .

Sumeru Dutta Banik 的头像

Sumeru Dutta Banik7 天前

Preasure of US. US don't want upi to be free... nothing to do. But yeh, we need a financial reform

Vaibhav21 的头像

Vaibhav217 天前

Is this so difficult to comprehend... obviously the traders will increase the price or they will take extra 2-3% as they do with cards..or ask for cash, why would a trader do free service, they also have families/staff to look for..how difficult is it to understand for them 🙏🏻

Parag Bedmutha 的头像

Parag Bedmutha7 天前

No need to attack on govt..!!! You are doing so well that public will give best send off to this govt..!!!

Famous (मशहूर) 的头像

Famous (मशहूर)7 天前

😀😀 Misleading statement 😀😀 The opposition is searching for Gyanesh Kumar. If you see him, tell him to surrender himself for further prosecution.

Viswa 的头像

Viswa7 天前

Is she lvng in a diff TZ of Earth or sme othr planet? Did u ble 2 stp this incrsng pltfrm fi, prcesng fi, pckg fi, offer prcesng fi etc? BIG NO. Mechant will impose the same charge 2 cust via diff route. Get a reality check lady. No sense f actual economics nly bookish knldge.

pranav 的头像

pranav7 天前

@nsitharaman @FinMinIndia ofcourse the traders will be charged. But the traders have already included the cost by 100-200. So ultimately it's consumer who is the one paying money.

mahendra chajjed 的头像

mahendra chajjed7 天前

Why should merchant pay it .... Already retailers in huge trouble due to online and big chain stores .. Question of survival ... It's huge blow current situation worst ever we have seen @narendramodi

Kartikeya gupta 的头像

Kartikeya gupta6 天前

goverment portals like IRCTC and income tax would be first to paas on MDR to public😂

Baba 的头像

Baba7 天前

@nsitharaman what abt STCG, LTCG, and now UPI charges. Why? Can you imagine plight of people who don't have a job and their only source of income is STCG /LTCG by trading in equities. I am BJP supporter but I will never vote for BJP again.

Pradama_vibhakthi 的头像

Pradama_vibhakthi7 天前

say someone to her guys it wont effect conusmer but merchant collect extra

dr@Ravendra Singh 的头像

dr@Ravendra Singh6 天前

How will you measure?? A common peopl have doubt in their minds that what are the tools by which you will decide that MDR charges will not be passing on to customers?? And suppose if anyone complaint regarding passing on of charges to customers where are the grievance redressal system?? And if you come to know regarding any passing on of charges to customers then are there any legal provisions??

Lone 的头像

Lone7 天前

customer will pay sooner or later

Live n let live 的头像

Live n let live7 天前

@CAITIndia @FKCCI_Karnataka @sajjanrajmehta Traders, particularly small are struggling for survival. Instead of supporting business, govt is punishing them with several charges n taxes. Many small traders have collapsed bcoz of online business.

Jai Shree Shyam 的头像

Jai Shree Shyam7 天前

Chor hai Ek number ki

BlackandWhiteBiscut 的头像

BlackandWhiteBiscut6 天前

The future will not be kind to her. Their books will be jotted down with her mistakes after mistakes and the mismanagement of the country. This is not the same 2014 team. These guy are now extremely arrogant and have lost all reason.

Barath P 的头像

Barath P7 天前

@nsitharaman nanga muttal illai idharku mel indha govt namba and to vote for bjp. TN la always bjp below nota only.

radhika sharma 的头像

radhika sharma6 天前

Borne by trader/merchant 🤡 Those merchants are also customers,those merchants are also same humans as we are,they won't borne shit They will increase price and customer will end up paying and it will go to ur govt fund So yes ITS A FCKING TAX coz it will increase govt funds

ipo allotment 的头像

ipo allotment7 天前

क्या knowledge हे... केसे केसे लोग इस पोस्ट पे पहुच ज़ाते है 🙄🙄

相关视频

#WATCH | “It is not on the consumer”: FM Nirmala Sitharaman clarifies that the 0.4% MDR on specified UPI payments above ₹2,000 will be borne by merchants and not passed on to customers. Sitharaman says the charge is neither a tax, cess nor surcharge, and that the money will not go to the Government of India. #UPI #NirmalaSitharaman #DigitalPayments

#WATCH | “It is not on the consumer”: FM Nirmala Sitharaman clarifies that the 0.4% MDR on specified UPI payments above ₹2,000 will be borne by merchants and not passed on to customers. Sitharaman says the charge is neither a tax, cess nor surcharge, and that the money will not go to the Government of India. #UPI #NirmalaSitharaman #DigitalPayments

Moneycontrol

106,292 次观看 • 7 天前

#WATCH | On UPI Merchant Discount Rate (MDR) charges, Union Finance Minister Nirmala Sitharaman said transactions below ₹2,000 will not attract the charge and that it is neither a tax nor a cess. She said the charge is between operators and “will not be passed on to the consumer”. 📲 For News on the go, Download HT app. Click

#WATCH | On UPI Merchant Discount Rate (MDR) charges, Union Finance Minister Nirmala Sitharaman said transactions below ₹2,000 will not attract the charge and that it is neither a tax nor a cess. She said the charge is between operators and “will not be passed on to the consumer”. 📲 For News on the go, Download HT app. Click

Hindustan Times

28,743 次观看 • 10 天前

VIDEO | PTI Exclusive: MDR on UPI payments above Rs 2,000 will not be passed on to customers, says Finance Minister Nirmala Sitharaman She says, "They are not right. They are not correct. Because this is not a tax, this is not a cess, this is not even a surcharge. And the collection is not coming to the Consolidated Fund of India. So, let's first understand, this is not a government issue. The MDR is being charged by NPCI, the aggregator, the service provider, those who provide the POS machines and the merchant bank. They are the ones providing the service for transactions above Rs 2,000. The merchant is the one who is going to pay. That money is not coming to the Government of India and we are not imposing it. And this will not be passed on to the customer. In fact, it will not be charged even to the merchant for transactions below Rs 2,000." (Full video available on PTI Videos -

VIDEO | PTI Exclusive: MDR on UPI payments above Rs 2,000 will not be passed on to customers, says Finance Minister Nirmala Sitharaman She says, "They are not right. They are not correct. Because this is not a tax, this is not a cess, this is not even a surcharge. And the collection is not coming to the Consolidated Fund of India. So, let's first understand, this is not a government issue. The MDR is being charged by NPCI, the aggregator, the service provider, those who provide the POS machines and the merchant bank. They are the ones providing the service for transactions above Rs 2,000. The merchant is the one who is going to pay. That money is not coming to the Government of India and we are not imposing it. And this will not be passed on to the customer. In fact, it will not be charged even to the merchant for transactions below Rs 2,000." (Full video available on PTI Videos -

Press Trust of India

87,668 次观看 • 7 天前

VIDEO | PTI Exclusive: MDR on UPI payments above Rs 2,000 will not be passed on to customers, says Finance Minister Nirmala Sitharaman. She says, "This is a complete misconception. Today, the opposition is levelling allegations against the government without fully understanding the issue. I wish to clarify, so that both traders and citizens are well-informed that this is neither a tax nor a cess. We are not imposing a surcharge, and the funds collected from this will not go into the government's coffers or treasury. This is a decision mutually agreed upon by the entities involved such as the banks providing POS machines, QR service providers, and collecting banks. Regarding the 0.4 percent charge applied to transactions exceeding Rs. 2,000, the proceeds will be shared among these four parties: the NPCI, the banks, the POS machine providers, and the merchant banks. I want to make this clear. Even now, traders accept various cards: Visa, debit, or credit cards, on which an MDR (Merchant Discount Rate) is applicable, yet this cost is not passed on to the customer. For instance, if you purchase an item worth Rs 5,000, the bill reflects that exact amount plus GST, of course, but the MDR is not added to it. Traders do not charge the consumer the MDR for other cards, similarly, the cost here will not be passed on to the consumer either. Since this system helps grow their business, the merchants and bankers handle these arrangements among themselves; the government plays no role in this process. If they do not pass the cost on to the consumer for other cards, why would they do so in this instance?" (Full video available on PTI Videos -

VIDEO | PTI Exclusive: MDR on UPI payments above Rs 2,000 will not be passed on to customers, says Finance Minister Nirmala Sitharaman. She says, "This is a complete misconception. Today, the opposition is levelling allegations against the government without fully understanding the issue. I wish to clarify, so that both traders and citizens are well-informed that this is neither a tax nor a cess. We are not imposing a surcharge, and the funds collected from this will not go into the government's coffers or treasury. This is a decision mutually agreed upon by the entities involved such as the banks providing POS machines, QR service providers, and collecting banks. Regarding the 0.4 percent charge applied to transactions exceeding Rs. 2,000, the proceeds will be shared among these four parties: the NPCI, the banks, the POS machine providers, and the merchant banks. I want to make this clear. Even now, traders accept various cards: Visa, debit, or credit cards, on which an MDR (Merchant Discount Rate) is applicable, yet this cost is not passed on to the customer. For instance, if you purchase an item worth Rs 5,000, the bill reflects that exact amount plus GST, of course, but the MDR is not added to it. Traders do not charge the consumer the MDR for other cards, similarly, the cost here will not be passed on to the consumer either. Since this system helps grow their business, the merchants and bankers handle these arrangements among themselves; the government plays no role in this process. If they do not pass the cost on to the consumer for other cards, why would they do so in this instance?" (Full video available on PTI Videos -

Press Trust of India

23,125 次观看 • 7 天前

The Taxation and Other Laws (Amendment) Bill, 2026 proposes to amend Section 10A of the Payment and Settlement Systems Act, 2007. The amendment is an enabling provision. It does not impose any tax or transaction charge on UPI users. It enables the Government to specify, through notification, the electronic payment modes that will continue to receive statutory protection against charges. Once the Bill is passed by Parliament, the UPI and Services Steering Committee headed by NPCI will consider and decide whether any MDR should be introduced and, if so, its scope and structure. Therefore, no MDR framework has yet been finalised. - Smt Nirmala Sitharaman in Rajya Sabha

The Taxation and Other Laws (Amendment) Bill, 2026 proposes to amend Section 10A of the Payment and Settlement Systems Act, 2007. The amendment is an enabling provision. It does not impose any tax or transaction charge on UPI users. It enables the Government to specify, through notification, the electronic payment modes that will continue to receive statutory protection against charges. Once the Bill is passed by Parliament, the UPI and Services Steering Committee headed by NPCI will consider and decide whether any MDR should be introduced and, if so, its scope and structure. Therefore, no MDR framework has yet been finalised. - Smt Nirmala Sitharaman in Rajya Sabha

Nirmala Sitharaman Office

11,627 次观看 • 1 个月前

All person to person UPI transactions remain free. Even among merchant payments, around 96% remain unaffected. Only roughly 4% of merchant transactions above ₹2,000 come under the new MDR. Normal rate is 0.4%, capped at ₹300, and the merchant pays it, not the customer. For fuel, railways, telecom and insurance, the charge is just ₹5 flat above ₹2,000. Example: ₹1 lakh TV on UPI means ₹300 MDR, versus about ₹900 at 0.9% debit card MDR and ₹2,000 at 2% credit card MDR. ₹4,000 petrol means ₹5 MDR on UPI, versus ₹36 at 0.9% debit card MDR and ₹80 at 2% credit card MDR. So no, UPI is not becoming paid for everyone from October 15.

All person to person UPI transactions remain free. Even among merchant payments, around 96% remain unaffected. Only roughly 4% of merchant transactions above ₹2,000 come under the new MDR. Normal rate is 0.4%, capped at ₹300, and the merchant pays it, not the customer. For fuel, railways, telecom and insurance, the charge is just ₹5 flat above ₹2,000. Example: ₹1 lakh TV on UPI means ₹300 MDR, versus about ₹900 at 0.9% debit card MDR and ₹2,000 at 2% credit card MDR. ₹4,000 petrol means ₹5 MDR on UPI, versus ₹36 at 0.9% debit card MDR and ₹80 at 2% credit card MDR. So no, UPI is not becoming paid for everyone from October 15.

Praffulgarg

14,443 次观看 • 15 天前

#EXPLAINED | UPI MDR is finally here. But who actually pays it? Who receives the money? And how is the 0.4% MDR divided? Chandra R. Srikanth (Chandra R. Srikanth) explains how the new MDR on UPI transactions above ₹2,000 works, who stands to gain and what it means for merchants and consumers. 💰📲 #UPI #MDR #DigitalPayments #Explained

#EXPLAINED | UPI MDR is finally here. But who actually pays it? Who receives the money? And how is the 0.4% MDR divided? Chandra R. Srikanth (Chandra R. Srikanth) explains how the new MDR on UPI transactions above ₹2,000 works, who stands to gain and what it means for merchants and consumers. 💰📲 #UPI #MDR #DigitalPayments #Explained

Moneycontrol

39,393 次观看 • 16 天前

🚨 SANJAY SINGH : "Sitharaman misleading public on UPI charges" FM NIRMALA SITHARAMAN 🔥🔥 : "We must keep this in mind. Tea seller, vegetable seller, cart vendor, street vendor won't pay any MDR. Small merchants and grocery stores are part of our inclusive financial schemes. Any future MDR will apply only to a limited category of merchant transactions above a certain prescribed high threshold. Vast majority will continue to remain free" FM Nirmala Sitharaman busts propaganda ⚡

🚨 SANJAY SINGH : "Sitharaman misleading public on UPI charges" FM NIRMALA SITHARAMAN 🔥🔥 : "We must keep this in mind. Tea seller, vegetable seller, cart vendor, street vendor won't pay any MDR. Small merchants and grocery stores are part of our inclusive financial schemes. Any future MDR will apply only to a limited category of merchant transactions above a certain prescribed high threshold. Vast majority will continue to remain free" FM Nirmala Sitharaman busts propaganda ⚡

News Algebra

304,441 次观看 • 1 个月前

#WATCH | On UPI payments to remain free for person-to-person transactions and Merchant Discount Rate (MDR) applicable only on Large-Value Merchant Transactions, Founder & CEO of PhonePe, Sameer Nigam, says, "...Around 96% of transactions will remain free because the majority of UPI transactions in India are below Rs 2,000. The NPCI has authorised a 0.4% MDR on UPI transactions exceeding Rs 2,000. As a result, the charge will apply only to larger transactions, and the revenue generated will help the industry at least recover its operational costs. For the past six years, while UPI transactions were MDR-free, the entire payments industry has been absorbing substantial losses every year. We have consistently raised this issue with the government and the RBI...Digital payment systems operate in more than 200 countries worldwide, yet India was the only country where UPI transactions carried no MDR. Now that a limited MDR has been introduced, we hope it will contribute to the further growth of the UPI ecosystem. This additional revenue will enable the industry to invest more in expanding UPI...This move is important for the long-term growth and sustainability of the UPI ecosystem..."

#WATCH | On UPI payments to remain free for person-to-person transactions and Merchant Discount Rate (MDR) applicable only on Large-Value Merchant Transactions, Founder & CEO of PhonePe, Sameer Nigam, says, "...Around 96% of transactions will remain free because the majority of UPI transactions in India are below Rs 2,000. The NPCI has authorised a 0.4% MDR on UPI transactions exceeding Rs 2,000. As a result, the charge will apply only to larger transactions, and the revenue generated will help the industry at least recover its operational costs. For the past six years, while UPI transactions were MDR-free, the entire payments industry has been absorbing substantial losses every year. We have consistently raised this issue with the government and the RBI...Digital payment systems operate in more than 200 countries worldwide, yet India was the only country where UPI transactions carried no MDR. Now that a limited MDR has been introduced, we hope it will contribute to the further growth of the UPI ecosystem. This additional revenue will enable the industry to invest more in expanding UPI...This move is important for the long-term growth and sustainability of the UPI ecosystem..."

ANI

67,232 次观看 • 16 天前

#WATCH | Delhi: On UPI MDR transaction charges, Union Minister for Communications, Jyotiraditya M. Scindia, says, "...Today, the UPI system processes payments worth ₹30 lakh crore every month...However, once a technology or system is fully established, it ought to stand on its own feet. With this very rationale, an MDR (Merchant Discount Rate) of 0.4% has been applied to the UPI system. If we look at credit cards, the cost per transaction typically ranges from 1.5% to 2.5%, while for debit cards, it is around 0.9%. In contrast, the cost structure set by the Government of India, in consultation with the RBI, for UPI is 0.4%, and that too, subject to strict regulations. The rule is that for transactions up to ₹2,000 made by an ordinary consumer, the MDR charge will be zero percent, I repeat, zero percent. Today, 96% of all UPI transactions are for amounts less than ₹2,000. This means the cost will apply to only 4% of transactions."

#WATCH | Delhi: On UPI MDR transaction charges, Union Minister for Communications, Jyotiraditya M. Scindia, says, "...Today, the UPI system processes payments worth ₹30 lakh crore every month...However, once a technology or system is fully established, it ought to stand on its own feet. With this very rationale, an MDR (Merchant Discount Rate) of 0.4% has been applied to the UPI system. If we look at credit cards, the cost per transaction typically ranges from 1.5% to 2.5%, while for debit cards, it is around 0.9%. In contrast, the cost structure set by the Government of India, in consultation with the RBI, for UPI is 0.4%, and that too, subject to strict regulations. The rule is that for transactions up to ₹2,000 made by an ordinary consumer, the MDR charge will be zero percent, I repeat, zero percent. Today, 96% of all UPI transactions are for amounts less than ₹2,000. This means the cost will apply to only 4% of transactions."

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64,160 次观看 • 15 天前

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ⁿᵉʷˢ Barron Trump 🇺🇸

23,122 次观看 • 6 个月前

#WATCH | Delhi: When asked what would happen if merchants pass on the 0.4% UPI MDR transaction charge to consumers, Union Minister for Communications Jyotiraditya M. Scindia says, "There is no recommendation to levy this on the customer. Doing so would violate the law and amount to a criminal offence. This will never be imposed on the customer or the common man. You cannot impose this on our consumer."

#WATCH | Delhi: When asked what would happen if merchants pass on the 0.4% UPI MDR transaction charge to consumers, Union Minister for Communications Jyotiraditya M. Scindia says, "There is no recommendation to levy this on the customer. Doing so would violate the law and amount to a criminal offence. This will never be imposed on the customer or the common man. You cannot impose this on our consumer."

ANI

58,418 次观看 • 15 天前

#WATCH | Bengaluru, Karnataka: On UPI MDR transaction charges, Chartered Accountant Mohandas Pai says, "The recent decision regarding MDR and UPI is a welcome move. It is important to look at the data: 96% of UPI transactions will not be affected by MDR at all. Because roughly 70% of all payments are person-to-person (P2P)—which carry no charges whatsoever. The remaining payments below ₹2,000 are also completely exempt. Only transactions above ₹2,000 will be subject to a nominal MDR. It is important to clarify that MDR is not a tax. It is a payment made to the banks and payment providers, similar to how credit cards work. When you use a credit card, merchants pay a processing fee to the credit card company and the bank. Furthermore, if someone needs to make a payment of ₹2,500, most people will simply split it into two smaller payments. By paying ₹1,500 and ₹1,000, they easily remain below the ₹2,000 threshold. Why is MDR required now? We operated under a completely free regime for a long time, placing the heavy burden of investment entirely on banks, fintech startups, and digital payment companies. The financial losses and capital investments required to maintain this infrastructure have been huge. In the past, UPI experienced transaction failure rates as high as 15% to 30% due to sudden surges in volume. With transaction volumes expected to grow from 24 billion to 50 billion in two years, the entire IT infrastructure must be upgraded to support real-time processing. Who is going to fund that upgrade? If banks bear the entire cost, it ultimately impacts depositors. Instead, the cost will now be shared by merchants who directly benefit from offering online payments..."

#WATCH | Bengaluru, Karnataka: On UPI MDR transaction charges, Chartered Accountant Mohandas Pai says, "The recent decision regarding MDR and UPI is a welcome move. It is important to look at the data: 96% of UPI transactions will not be affected by MDR at all. Because roughly 70% of all payments are person-to-person (P2P)—which carry no charges whatsoever. The remaining payments below ₹2,000 are also completely exempt. Only transactions above ₹2,000 will be subject to a nominal MDR. It is important to clarify that MDR is not a tax. It is a payment made to the banks and payment providers, similar to how credit cards work. When you use a credit card, merchants pay a processing fee to the credit card company and the bank. Furthermore, if someone needs to make a payment of ₹2,500, most people will simply split it into two smaller payments. By paying ₹1,500 and ₹1,000, they easily remain below the ₹2,000 threshold. Why is MDR required now? We operated under a completely free regime for a long time, placing the heavy burden of investment entirely on banks, fintech startups, and digital payment companies. The financial losses and capital investments required to maintain this infrastructure have been huge. In the past, UPI experienced transaction failure rates as high as 15% to 30% due to sudden surges in volume. With transaction volumes expected to grow from 24 billion to 50 billion in two years, the entire IT infrastructure must be upgraded to support real-time processing. Who is going to fund that upgrade? If banks bear the entire cost, it ultimately impacts depositors. Instead, the cost will now be shared by merchants who directly benefit from offering online payments..."

ANI

130,240 次观看 • 15 天前

🚨 SHOCKING! 83% merchants may pass UPI charges straight to YOU > A LocalCircles survey finds only 17% of merchants are willing to absorb an MDR of 0.3% or more on UPI payments above ₹2,000. This means most could potentially PASS the cost to customers. And consumers aren’t having it: 53% say they would move away from UPI if charges are imposed. The problem? Running UPI reportedly costs ₹5,000–6,000 Cr annually, while the incentive pool is only around ₹2,000 Cr. Charge UPI → merchants pass it on → consumers leave. A ₹2,000 Cr vs ₹6,000 Cr headache.

🚨 SHOCKING! 83% merchants may pass UPI charges straight to YOU > A LocalCircles survey finds only 17% of merchants are willing to absorb an MDR of 0.3% or more on UPI payments above ₹2,000. This means most could potentially PASS the cost to customers. And consumers aren’t having it: 53% say they would move away from UPI if charges are imposed. The problem? Running UPI reportedly costs ₹5,000–6,000 Cr annually, while the incentive pool is only around ₹2,000 Cr. Charge UPI → merchants pass it on → consumers leave. A ₹2,000 Cr vs ₹6,000 Cr headache.

The Analyzer (News Updates🗞️)

46,597 次观看 • 25 天前

🚨HUGE. UPI payments will remain FREE, no charges anytime soon -> Reserve Bank of India says it will find ways to SUSTAIN and upgrade UPI without burdening users. Govt has earmarked ₹2,000 crore to incentivise low-value P2M UPI & RuPay transactions, even as MDR stays ZERO. Governor: “We will sustain and improve this unique payment infrastructure.” · Free for users, sustainable for stakeholders, the UPI model evolves.

🚨HUGE. UPI payments will remain FREE, no charges anytime soon -> Reserve Bank of India says it will find ways to SUSTAIN and upgrade UPI without burdening users. Govt has earmarked ₹2,000 crore to incentivise low-value P2M UPI & RuPay transactions, even as MDR stays ZERO. Governor: “We will sustain and improve this unique payment infrastructure.” · Free for users, sustainable for stakeholders, the UPI model evolves.

The Analyzer (News Updates🗞️)

48,861 次观看 • 7 个月前

“Subsidies cannot continue in perpetuity, let the market form. Fintech cos feel that efficient allocation of market share, transaction and its costs will be decided by market.” - Economist Abhijit Mukhopadhyay on Govt levying 0.4% fee on UPI payments above Rs 2,000

“Subsidies cannot continue in perpetuity, let the market form. Fintech cos feel that efficient allocation of market share, transaction and its costs will be decided by market.” - Economist Abhijit Mukhopadhyay on Govt levying 0.4% fee on UPI payments above Rs 2,000

News Arena India

31,337 次观看 • 16 天前

Q. WILL UPI MDR MEAN HIGHER PRICES FOR CONSUMERS? Critics argue that once merchants have to pay MDR on higher-value UPI transactions won't they simply pass that cost on to customers? PhonePe CEO Sameer Nigam pushes back. NIGAM'S argument: the headline 0.4% MDR is misleading because several major spending categories have much lower rates or caps: + Petrol: capped at Rs 5 + Agriculture: capped at Rs 5 + Capital markets: 0.02% + E-commerce/insurance: capped at Rs 5 + Retail: 0.4%, capped at Rs 300 His example: on a Rs 1.5 lakh iPhone, the effective MDR is 20 basis points, not 40. And the consumer continues to pay zero for UPI. Nigam’s broader point is that if consumers aren’t being charged and MDR is capped across major categories, why assume the cost will necessarily show up as higher prices? Watch the full exchange.

Q. WILL UPI MDR MEAN HIGHER PRICES FOR CONSUMERS? Critics argue that once merchants have to pay MDR on higher-value UPI transactions won't they simply pass that cost on to customers? PhonePe CEO Sameer Nigam pushes back. NIGAM'S argument: the headline 0.4% MDR is misleading because several major spending categories have much lower rates or caps: + Petrol: capped at Rs 5 + Agriculture: capped at Rs 5 + Capital markets: 0.02% + E-commerce/insurance: capped at Rs 5 + Retail: 0.4%, capped at Rs 300 His example: on a Rs 1.5 lakh iPhone, the effective MDR is 20 basis points, not 40. And the consumer continues to pay zero for UPI. Nigam’s broader point is that if consumers aren’t being charged and MDR is capped across major categories, why assume the cost will necessarily show up as higher prices? Watch the full exchange.

Rahul Shivshankar

10,290 次观看 • 15 天前

“It was done to divide the country. One day #BJP govt will go, a new govt will come and there can be another amendment and that will then be passed in #LokSabha and #RajyaSabha” #Bengal CM #MamataBanerjee on #WaqfAmendmentBill #WaqfBill

“It was done to divide the country. One day #BJP govt will go, a new govt will come and there can be another amendment and that will then be passed in #LokSabha and #RajyaSabha” #Bengal CM #MamataBanerjee on #WaqfAmendmentBill #WaqfBill

Tamal Saha

139,261 次观看 • 1 年前

🔹Running UPI costs Rs. 20,700 crore a year. Last year, RBI transferred Rs. 2.87 lakh crore as surplus to the government. The government and RBI can cover the entire UPI cost by using just 7% of that surplus. 🔹In August, the Modi government introduced the Taxation and Other Laws Amendment Bill to enable MDR on UPI. ▪️On 6 August, Finance Minister Nirmala Sitharaman told Parliament that no decision on MDR had been taken. ▪️On 14 September, a notification was issued late at night imposing MDR on commercial UPI transactions above Rs. 2,000. 👉This is an attempt to weaken UPI and give American companies a larger share of its earnings. It has been done at America's behest, with a compromised Prime Minister bending to Trump's pressure. : AICC Social Media and Digital Platforms Chairperson Supriya Shrinate ji

🔹Running UPI costs Rs. 20,700 crore a year. Last year, RBI transferred Rs. 2.87 lakh crore as surplus to the government. The government and RBI can cover the entire UPI cost by using just 7% of that surplus. 🔹In August, the Modi government introduced the Taxation and Other Laws Amendment Bill to enable MDR on UPI. ▪️On 6 August, Finance Minister Nirmala Sitharaman told Parliament that no decision on MDR had been taken. ▪️On 14 September, a notification was issued late at night imposing MDR on commercial UPI transactions above Rs. 2,000. 👉This is an attempt to weaken UPI and give American companies a larger share of its earnings. It has been done at America's behest, with a compromised Prime Minister bending to Trump's pressure. : AICC Social Media and Digital Platforms Chairperson Supriya Shrinate ji

Congress

47,759 次观看 • 15 天前