Government, banks to decide subsidy amount for UPI that will continue after MDR comes in
The government has budgeted ₹2,000 crore for the ongoing financial year under its incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions. (Representational image) | Photo Credit: Getty Images/iStockphoto The Merchant Discount Rate (MDR) on UPI will not be enough to cover the cost of running and maintaining the payment platform,…