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Merchants absorb 0.4% on UPI baskets above Rs 2,000 from October 15
NPCI's new merchant discount rate caps at Rs 300 above Rs 75,000, exempts UPI AutoPay and charges fuel and utilities a flat Rs 5. Checkout cost in India now depends on category and funding instrument as much as on ticket size.
Publishers:economictimes.indiatimes.com
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