Govt clears ₹1,500 cr scheme to boost low-value BHIM-UPI transactions:
Under the scheme, incentives will be provided for UPI transactions up to ₹2,000, specifically benefitting small merchants. The government aims to increase digital payments penetration while minimising financial burden on...
We are aware that most of the small merchants have disabled UPI payments via Rupay CC on their merchant QR, even for small value transactions below ₹2000.
For small merchants below ₹20 lakh turnover, the MDR charges are 0% for Rupay CC payments below ₹2000. I believe there shouldn't be an...