TechMediaNamaabout 2 hours ago
Supreme Court Questions UPI MDR, Seeks RBI Reply
3 min read
India's Supreme Court asked the Centre to justify the Merchant Discount Rate on UPI payments above Rs 2,000, seeking responses from the RBI and NPCI. The government calls it a cost-sharing arrangement, not a tax or fee. The court wants the facts on affidavit, with the case turning on whether MDR is legally an expropriation.
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