'In talks with payment platforms to ensure UPI fee not passed on to consumers': Govt
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
The government is currently in talks with payment platforms to ensure that merchant fees do not get passed on to consumers. Starting from October fifteenth, officials will closely monitor this situation to protect consumers. They also reassured that merchants will not incur addit...
The government is currently in talks with payment platforms to ensure that merchant fees do not get passed on to consumers. Starting from October fifteenth, officials will closely monitor this situation to protect consumers. They also reassured that merchants will not incur additional GST costs once the MDR is implemented. This initiative aims to support more domestic players in the market and encourage innovation.
Original Source
https://timesofindia.indiatimes.com/business/india-business/upi-fee-government-payment-gateways-discuss-ways-to-stop-merchants-passing-burden-to-consumers/articleshow/134321080.cms
