NPCI Defends Merchant Charge on UPI Before Supreme Court
The National Payments Corporation of India told the Supreme Court that a merchant discount rate (MDR) charge has been imposed to protect the UPI ecosystem. It says zero MDR is no longer sustainable, because UPI's huge growth demands stronger security, resilience and infrastructure.
Context
Context: UPI is the instant mobile payment system run by NPCI, and it has grown into one of India's most used payment channels. Merchants have largely paid no fee on UPI, so any charge is a major shift for shops and small sellers.
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