UPI MDR Rule: Who Will Actually Pay The New 0.4% Charge From October 15? FinMin Clarifies

“There may be many things they do, such as making offers or whatever. So, strictly speaking, this applies to many other cards. I am justifying it from that perspective. I am saying it is not a tax, it is not a cess, it is not a surcharge, and the collection is not coming to the Government of India at all…”

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