Deccan Herald ·
Economy, business and finance
Plea in Supreme Court against imposition of MDR on UPI payments of above Rs 2,000
A PIL in the Supreme Court challenges the Centre’s 0.4% MDR on UPI transactions exceeding Rs 2,000, citing lack of transparency and statutory safeguards. The plea seeks quashing of the framework, arguing it may burden merchants and undermine digital payments growth.
The petition was moved against the Union government, RBI, NPCI and the UPI and Services Steering Committee