
A big shock may come for UPI users! The Government of India is planning to re -implement MDR (Merchant Discount Rate) on UPI Transactions. The MDR was waived on UPI transactions less than Rs 2,000 from 2020, but now the government’s subsidy has increased pressure on companies. Companies like Google Pay have already announced to impose transaction fees. In such a situation, the government can implement the tier system, which can provide relief to small traders. Know what will be the effect of this change on your digital payments!