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via thehindubusinessline.comPolitics

NPCI says MDR charge imposed to save UPI ecosystem from turning ouroboric

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

NPCI argues zero MDR is unsustainable, proposing 0.4% on P2M transactions above Rs 2,000 to protect UPI's growth and ecosystem.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe proposed 0.4% charge on P2M transactions affects the revenue model of Indian digital payments.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01NPCI argues zero MDR is unsustainable.
  2. 02It proposes a 0.4% charge on P2M transactions above Rs 2,000.
  3. 03The stated aim is to protect UPI's growth and ecosystem.

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