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  1. Government bodies are discussing the potential reintroduction of the Merchant Discount Rate (MDR) for UPI transactions.
  2. The Government of India clarified that UPI fees remain free for users, but noted that an Act amendment is needed to introduce potential Merchant Discount Rate (MDR).

Ashneer Grover criticizes the government regarding the levies placed on the UPI payment system.

2 reports, 2 independent Updated Sep 17
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What happened

Some supportReported by 2 outlets

Ashneer Grover criticizes the government regarding the levies placed on the UPI payment system.

Who's involved

What this event is mainly about
Ashneer GroverNational Payments Corporation of India

How it developed

Newest first. Tap a step to see who reported it.
  1. Negi supports NPCI initiatives; Grover criticizes NPCI's MDR framework.1 source
  2. Grover argues UPI is a scientific achievement but warns about government fees.1 source

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Part of

The Government of India clarified that UPI fees remain free for users, but noted that an Act amendment is needed to introduce potential Merchant Discount Rate (MDR). All 2 developments

Within Government bodies are discussing the potential reintroduction of the Merchant Discount Rate (MDR) for UPI transactions.

The entities involved

Related events

Coverage

Newest first; wire copies grouped