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Supreme Court Seeks RBI, NPCI Response On 0.4% UPI MDR Rule, Refuses To Stay Oct 15 Rollout

Supreme Court Seeks RBI, NPCI Response On 0.4% UPI MDR Rule, Refuses To Stay Oct 15 Rollout
Photo: Free Press Journal · view original

The Supreme Court on Monday issued notices to the Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) on a petition challenging the government’s decision to introduce a 0.4% Merchant Discount Rate (MDR) on certain UPI person-to-merchant transactions exceeding Rs 2,000. H...

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