BusinessAI imageFinance Ministry Denies US Pressure on UPI MDR Levy
The Finance Ministry has dismissed claims that the US influenced the introduction of a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding ₹2,000. It clarified that the MDR is based on NPCI guidelines related to RuPay credit cards, rejecting any allegations of external pressure behind the policy.
The Hans India·


