From Deccan Herald
Center-Left Owned by The Printers (Mysore) Pvt. Ltd.NPCI defends MDR in Supreme Court, says levy hits only 4% of merchant transactions
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
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…
