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The report suggested that merchants with annual turnover of Rs 50 crore or more are mandated by law to provide UPI as a means for accepting payments
New UPI MDR rules may charge merchants 0.4 percent on payments above Rs 2,000. Will Google Pay, PhonePe and Paytm users pay more? NPCI explains pricing impact and possible rollout delay.
Context from Wikipedia on the organisations, people and places in this story.
Indian financial technology company
One MobiKwik Systems Limited, doing business as MobiKwik, is an Indian financial technology company, headquartered in Gurugram, Haryana. Founded in 2009 that provides a mobile phone-based payment system and digital wallet.
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