Q. Why is this in news?
A. The RBI has proposed to allow the linking of credit cards with the Unified Payments Interface (UPI).
Integrating Credit Cards to UPI
Q. What is UPI?
A.
Q. Why such move?
A.
Q. What could be the hurdles?
A.
Note: MDR is a fee that a merchant is charged by their issuing bank for accepting payments from their customers via credit and debit cards.
Q. What is the big picture?
A.