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01Oct 2026

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cashless economy Current Affairs digital economy India digital payments regulation economy current affairs fintech regulation Indian Economy merchant discount rate India NPCI payment and settlement systems act RBI Supreme Court News Supreme Court UPI case UPI charges UPI MDR UPI merchant discount rate UPI merchant payments UPI payments above 2000 UPI transaction charges UPSC Current Affairs
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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 …