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UPI MDR: Supreme Court Scrutiny Explained

UPI MERCHANT DISCOUNT RATE: SUPREME COURT SCRUTINY AND THE REGULATION OF DIGITAL PAYMENTS Why in the News? The Supreme Court has questioned the legal basis for introducing a 0.4% Merchant Discount Rate (MDR) on specified high-value UPI Person-to-Merchant transactions. The Court has sought an explanation from the Centre on the legal character of the charge …