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Digital India gets a boost

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  • Date Added: Feb 03, 2020
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TELEGRAPHINDIA DEC-2019 To promote digital payments, finance minister Nirmala Sitharaman on Saturday said no MDR charges will be applicable on transactions through homegrown RuPay and UPI platforms beginning January 1, 2020. The department of revenue will soon notify RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR), she said after meeting CEOs of public sector banks here.