In a significant move to advance India’s digital payment ecosystem, the Union Cabinet has approved a Rs 1,500 crore incentive scheme for FY 2024–25. The scheme focuses on promoting low-value BHIM-UPI (Person-to-Merchant) transactions, especially targeting small merchants. With zero Merchant Discount Rate (MDR) for transactions up to Rs 2,000 and a 0.15% incentive for small […]

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