Could UPI payments in India stop being completely free for merchants? On November 5, the Centre told the Supreme Court that merchants were never guaranteed zero processing charges on UPI transactions indefinitely. The government defended the proposed Merchant Discount Rate (MDR) on merchant transactions above ₹2,000, arguing that running and securing the UPI system involves significant costs. The proposed charges would be deducted from merchants, not directly from customers. But could businesses eventually pass this cost on to consumers? Here’s what the government told the Supreme Court and what MDR means for UPI users.
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