💰 Govt eyeing UPI fee changes to cut subsidy load
The government is considering a revival of Merchant Discount Rate (MDR) fees for UPI transactions. This move is being discussed to alleviate the current financial burden on the public exchequer. Specifically, discussions involve implementing tiered incentives for merchants starting from a certain date. The context of this consideration is the substantial subsidy cost currently associated with the UPI system. Moving forward, the government plans to finalize these new fee structures after further review.