person · 4 records
Sameer Nigam
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.
2 outlets · 3 languages Markets read
PhonePe CEO clarifies UPI MDR charges and impact
PhonePe CEO Sameer Nigam clarifies the upcoming Merchant Discount Rate (MDR) charges for UPI transactions effective October 15, 2026.
1 outlet Markets read
No rethink: Govt firm on UPI merchant fee amid rollback demands
The Indian government has rejected demands to withdraw a 0.4% merchant discount rate on certain UPI transactions.
2 outlets Markets read
Very positive step: PhonePe, MobiKwik co-founders welcome UPI MDR charges
Industry leaders at PhonePe and MobiKwik support the government's introduction of a 0.4% Merchant Discount Rate on large UPI merchant transactions.
1 outlet Markets read