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UPI transaction fee debate resurfaces as PhonePe & Google Pay cash in on Paytm's fall

The dominance of PhonePe and Google Pay in the UPI market has sparked discussions about introducing fees on merchant transactions. Fintech companies argue that a merchant discount rate (MDR) is needed for long-term sustainability. Introducing fees could incentivize smaller players to compete and attract bigger platforms, benefiting the overall UPI ecosystem.
Parijat Garg Google Pay

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