FinanceInc42about 3 hours ago
RBI Governor: UPI MDR Talks Premature
3 min read
RBI Governor Sanjay Malhotra called MDR talks on UPI premature as the government amends the PSSA 2007. A proposed 0.25% to 0.4% MDR on business transactions above ₹2,000 could generate ₹5,000-₹10,000 Cr by FY28, per Jefferies. UPI volumes hit 23.66 Bn in July.
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