Finance Ministry clarifies UPI MDR decision amid US claims
after close1 source ↓written by the desknot a recommendation
- on UPI payments
- 0.4% Merchant Discount Rate (MDR)
The Finance Ministry has dismissed claims of US pressure regarding the 0.4% Merchant Discount Rate (MDR) on UPI payments. The recent NPCI guidelines restrict UPI credit transactions to RuPay cards only, ensuring no competitive advantage for foreign credit cards. This move aims to strengthen RuPay's position in the Indian market.
Not investment advice. For informational purposes only.