India Paves Way for Return of Merchant Fees on Digital Payments

MarketScreener

"India has moved a step closer to reintroducing merchant fees on transactions made through its Unified Payments Interface (UPI) after proposed changes to the country's payments laws were introduced in parliament on Tuesday. An amendment to India's Payment and Settlement Systems Act, tabled in parliament by Finance Minister Nirmala Sitharaman, would allow the introduction of a merchant discount rate (MDR) on digital payments. No decision has yet been made on the level of fees or where they would apply."