BusinessAI imageAshneer Grover Criticizes Government's UPI Charges Plan Above ₹2,000
BharatPe co-founder Ashneer Grover criticized the government's plan to impose Merchant Discount Rate (MDR) charges on certain UPI transactions above ₹2,000. He argued that the cost of India's digital payments infrastructure should not be passed to consumers, warning that merchants' fees could indirectly affect consumer prices. The government clarified UPI transactions up to ₹2,000 remain free, with any MDR limited to select merchant transactions.
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