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Merchant Discount Rate (MDR) and the Shift in UPI Pricing for UPSC
Economy9/18/2026

Merchant Discount Rate (MDR) and the Shift in UPI Pricing for UPSC

Effective October 2026, the introduction of a 0.4% MDR on Person-to-Merchant (P2M) UPI transactions above ₹2,000 marks a significant shift in India's digital public infrastructure (DPI) policy, while ensuring 96% of merchant transactions remain free.

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What is Money | Functions of Money
Economy9/25/2021

What is Money | Functions of Money

WHAT IS MONEY? Money is derived from a Latin word, Moneta. The money is a term refers to an object that is accepted as a mode for the transaction of goods and services in general and repayment of debts, medium for transaction of goods. Money can be in various forms, such as notes, coins, credit [...]

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