If an MDR is introduced in the future it will only be applicable to a limited category of merchant transactions with the rate being nominalWhat is a Merchant Discount Rate? How is it currently applicable on credit or debit cards and why is it being proposed for UPI transactions? Who will pay the final cost of the MDR for UPI transactions? What is MDR and how the system currently works for credit cardsLet’s first understand what is Merchant Discount Rate:What is MDR & how it worksWhy MDR is being proposed for UPIWhat RBI governor said on UPIWho pays the final cost? UPI Charges: What Changes & What Doesn'tWhat FM Sitharaman has said:What FM Sitharaman has clarified