company · 3 records
Mastercard
Supreme Court Petition Challenges New MDR Charges on UPI Transactions
A public interest litigation has been filed in the Supreme Court challenging the Indian government's notification imposing a 0.4% Merchant Discount Rate (MDR) on UPI merchant payments exceeding ₹2,000.
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Government rejects claims of American pressure over UPI MDR fees
The Indian Finance Ministry denies that pressure from American credit card companies influenced the decision to impose a Merchant Discount Rate (MDR) on UPI transactions.
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Government is surrendering to American pressure with UPI charges, Rahul Gandhi alleges
Congress leaders Rahul Gandhi and Mallikarjun Kharge accused the Indian government of enabling potential charges on UPI transactions above ₹2,000 due to pressure from American companies.
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