https://www.taxtmi.com/news?id=38370 An incentive scheme for FY 2024 25 with an outlay of Rs.1,500 crore covers BHIM UPI P2M transactions up to Rs.2,000 for small merchants, providing zero MDR and a 0.15% incentive; transactions above Rs.2,000 have zero MDR but no incentive, and large merchants receive zero MDR without incentives. Payments are routed to acquiring banks and shared among stakeholders. Reimbursement disburses 80% of admitted claims quarterly unconditionally, with 20% subject to performance: 10% contingent on technical decline rate below 0.75% and 10% on system uptime above 99.5%. en-us Mon, 24 Mar 2025 17:42:21 +0530 Mon, 24 Mar 2025 17:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=38370 An incentive scheme for FY 2024 25 with an outlay of Rs.1,500 crore covers BHIM UPI P2M transactions up to Rs.2,000 for small merchants, providing zero MDR and a 0.15% incentive; transactions above Rs.2,000 have zero MDR but no incentive, and large merchants receive zero MDR without incentives. Payments are routed to acquiring banks and shared among stakeholders. Reimbursement disburses 80% of admitted claims quarterly unconditionally, with 20% subject to performance: 10% contingent on technical decline rate below 0.75% and 10% on system uptime above 99.5%. News - Mon, 24 Mar 2025 17:42:21 +0530 https://www.taxtmi.com/news?id=38370