Govt takes first step to levy MDR on UPI; bill proposes to repeal earlier amendment of Zero MDR- Moneycontrol.com

•The Finance Ministry proposes to repeal section 10A, which banned UPI MDR fees.

•This move aims to levy MDR on UPI for large merchants, a long-standing industry demand.

•MDR is a fee for digital transactions, not for consumers, and is linked to rising server costs.

•The proposal is a step towards implementing MDR on UPI transactions.