Top News

The use of digital payment has become common in every household today. Whether it is small shopping or big transactions, people are now starting to trust mobile and card instead of cash. But now the news is coming that the government is preparing to make digital payment expensive. If sources are to be believed, the government is planning to charge once again, which can affect the pockets of common people. People are surprised to hear this news, because the government had taken several steps to promote digital payment in the last few years. Now what changes will come from this new rule, it is yet to be seen.

What is the case of MDR charge

The largest part of this news is to MDR i.e. merchant discount rate charge. MDR is the fee that shopkeepers have to pay banks or payment companies to accept digital payment. A few years ago the government had abolished it so that more and more people move towards digital transactions. Especially the payment made through UPI and RuPay debit cards was kept free. But now there is news that the government is thinking of implementing this charge again. If this happens, the burden on the shopkeepers will increase and they may charge this charge from the customers, which will make digital payment expensive.

Impact on UPI and RuPay Card

UPI and RuPay debit cards have become the backbone of digital payment today. Whether it is a grocery store or online shopping, people use them a lot. In the last few years, there has been a tremendous increase in the number of transactions through them. The government had encouraged people by keeping it free, but now if the MDR charge starts again, it will directly affect these services. Experts say that small shopkeepers can put this charge on the customers, which can make it expensive to buy or pay the bill. There is also a fear of decreasing the attraction of digital payment.

How much burden on people's pockets

If the government implements this new rule, then it can affect the life of every common man. Till now it was free to send money from UPI or pay at the shop, due to which people liked it a lot. But due to charge, some money can be deducted on every transaction. It is believed that this fee can be from 1 to 2 percent. That is, if you buy goods worth 1000 rupees, then you may have to pay an additional 10 to 20 rupees. This amount may be less in small transactions, but at the end of the month it may be overshadowed on the pocket.

Question on Digital India's dream

The government had dreamed of making the country cashless under Digital India. Many schemes were introduced for this, such as promoting UPI, popularizing RuPay cards and motivating small traders to adopt digital payment. Free transactions were a large part of this dream, which inspired people to quit cash. But now if the charge is levied, then the question is arising whether the target of Digital India will weaken. People can return to cash again, especially in small cities and villages where the price of every money is understood.

Traders' difficulties will increase

Small traders can face the most problems with this new rule. Large shopkeepers probably bear this charge, but it will be difficult for small shopkeepers. They will either bear this burden themselves or ask for more money from customers. In both circumstances, their earnings can be affected. Traders already struggling with inflation and rising costs are now troubled by this new rule. Some traders say that if the charge is high, they can stop taking digital payment, so that customers will also have to keep cash.

What do you say

Experts believe that this step of the government may be to strengthen the digital payment system. He says that banks and payment companies have to bear the expenses to run free services, for which charge is necessary. But at the same time they are also warning that people can get away from digital payment if this fee is high. Experts are suggesting that the government should take the opinion of people and traders before implementing this rule so that the correct balance can be made.

People's response and future

As soon as this news is revealed, people have started responding on social media. Some people are calling it wrong, while some say that the government should have prepared people first. Fans and common people are worried about what effect it will have on their everyday life. In the coming days, the government can make an official announcement on this, which will make it clear when and how this rule will apply. Till then people will have to wait how much burden will increase on their pockets.