From The New Indian Express
Center Owned by Express Publications (Madurai) Ltd.NPCI defends UPI MDR in SC, says merchants cannot pass charges to customers
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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RSS excerpt
The National Payments Corporation of India (NPCI) has informed the Supreme Court that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers under the revised UPI pricing framework. The top court on September 28 had sought responses from the Centre and others, including the NPCI…
