Tag: upi news

Under the proposed framework, the Centre plans a 0.4% MDR on UPI payments of over  ₹2000 made to merchants. (Representative image)
Posted in Business

Supreme Court questions Centre, calls for ‘facts’ over MDR for UPI transactions over ₹2,000

The Supreme Court on Monday sought the response of the Centre on a petition challenging the government’s decision to introduce a Merchant Discount Rate (MDR)…

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MDR on UPI transactions faces PIL in Supreme Court
Posted in Economy

MDR on UPI transactions faces PIL in Supreme Court

New Delhi: A PIL has been filed in the Supreme Court seeking quashing of the government’s move to levy a merchant discount rate of 0.4%…

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The petition, filed by advocate Anjan Datta, seeks the quashing of the notifications issued by the Union finance ministry on September 14 and 15. (FILE PHOTO)
Posted in Business

Petition in Supreme Court says scrap new UPI merchant fees; may burden consumers

A petition was filed in the Supreme Court on Wednesday, challenging the Centre’s newly notified framework allowing Merchant Discount Rate (MDR) on specified high-value commercial…

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