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Tag: mdr on upi

MDR on UPI: SC to hear plea challenging imposition on September 28

Posted on September 27, 2026 By admin
MDR on UPI: SC to hear plea challenging imposition on September 28

According to the apex court’s cause list of September 28, the plea would come up for hearing before a bench of Chief Justice of India Surya Kant and Justices Joymalya Bagchi and V. Mohana. Photo: Special Arrangement The Supreme Court will on Monday (September 28, 2026) hear a plea challenging the Centre’s decision to impose…

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Government, banks to decide subsidy amount for UPI that will continue after MDR comes in

Posted on September 25, 2026 By admin
Government, banks to decide subsidy amount for UPI that will continue after MDR comes in

The government has budgeted ₹2,000 crore for the ongoing financial year under its incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions. (Representational image) | Photo Credit: Getty Images/iStockphoto The Merchant Discount Rate (MDR) on UPI will not be enough to cover the cost of running and maintaining the payment platform,…

Read More “Government, banks to decide subsidy amount for UPI that will continue after MDR comes in” »

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