From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)NPCI says MDR charge imposed to save UPI ecosystem from turning ouroboric
What's behind this
The National Payments Corporation of India (NPCI) told the Supreme Court that, under the revised UPI pricing framework, merchants cannot pass on Merchant Discount Rate (MDR) charges to customers. In an affidavit, NPCI also defended the newly imposed charges, saying they are justified, narrowly targeted and affect only about 4 % of merchant transactions, countering a petition that claimed the levy would burden ordinary citizens and small merchants.
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left · 1 outlet
New Delhi: The National Payments Corporation of India (NPCI) has told the Supreme Court that the newly imposed charges on certain UPI transactions are justified and narrowly targeted, opposing a petition that claims the levy will burden ordinary citizens and small merchants. In an affidavit filed in…
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right · 1 outlet
MDR on P2M transactions above ₹2,000 would apply to only about 4 per cent of merchant activity while keeping P2P and low-value P2M payments free
RSS excerpt
MDR on P2M transactions above ₹2,000 would apply to only about 4 per cent of merchant activity while keeping P2P and low-value P2M payments free
