BusinessPhoto: Hindustan TimesGovernment Tells Supreme Court Merchants Not Promised Zero UPI MDR Indefinitely
The Indian government told the Supreme Court that merchants were never guaranteed zero Merchant Discount Rate (MDR) charges on UPI transactions indefinitely. The Centre defended the proposed MDR on transactions above ₹2,000, stating the revised MDR framework was finalized after stakeholder consultation. It argued no assurance of a permanent zero-MDR regime was given and the state subsidy was discretionary. The government responded to a PIL challenging the MDR on constitutional grounds.
Hindustan Times·

