BusinessSupreme Court to Hear Plea Against MDR on UPI Transactions on Sept 28
The Supreme Court will hear a plea on September 28 challenging the Centre's decision to impose a Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding ₹2,000. The government introduced a 0.4% fee effective October 15, capping MDR at ₹300 for payments above ₹75,000. Essential sectors like railways and telecom will pay a flat ₹5 MDR per transaction above ₹2,000.
Hindu Business·6h ago·New Delhi




