Merchants were never assured of zero MDR on UPI indefinitely: Govt to Supreme Court

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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