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MDR on UPI soon? Parliamentary Panel recommends expeditious introduction on high-value transactions
A Parliamentary panel has called for the early rollout of a calibrated Merchant Discount Rate (MDR) on high-value digital transactions. According to the panel the framework is essential to make the payments ecosystem financially viable and reduce the government's subsidy burden.
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thehindubusinessline.com
Mutual funds and distributors fret over fee on UPI transactions
The government has recently proposed levying a nominal merchant discount rate (MDR) on a limited set of UPI merchant transactions above a certain threshold
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theprint.in
Free UPI was a policy success and an economic distortion
Six years of zero MDR delivered unprecedented digital payments at the price of underinvestment, rising fraud risk, and market concentration.
