NSE MD says no govt talks on new UPI MDR
Headline by Prism · from 1 report
Ashish Chauhan stated that the NSE has not held discussions with the government regarding the new UPI Merchant Discount Rate framework for capital market transactions.
The Economic TimesThe brief
Written by software from the 1 report below.
- The National Payments Corporation of India has introduced a new 0.02 percent Merchant Discount Rate for capital market transactions.
- This charge applies to payments involving stockbrokers, securities, and mutual funds beginning October 15.
- The Managing Director and CEO of the National Stock Exchange stated that the exchange has not consulted the government on this matter.
- He characterized the new fee structure as a private issue between brokers and their clients.
What to watch next
- Implementation of the new UPI MDR framework on October 15
- Developments in discussions between brokers and clients regarding the new fees
The points restate the reports; where one says why it matters, that is Prism's reading, not a reported fact.
Who said what
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Ashish Chauhan
Managing Director and CEO of National Stock Exchange
2 quotes · 1 outlet
“No discussion on MDR with the government. This is a decision taken by NPCI (National Payments Corporation of India) ... we will have to wait and see,”
In the article
…no discussions with the government on the new Merchant Discount Rate (MDR) on UPI payments, adding that it is an issue between brokers and their clients and that they will most likely find a way out of the situation. " No discussion on MDR with the government. This is a decision taken by NPCI (National Payments Corporation of India) ... we will have to wait and see, " Chauhan said during an interaction with journalists after NSE's listing on the BSE. "It seems to be an issue between the broker and client. They will find a way out of whatever the differences will be," he added. The…
“It seems to be an issue between the broker and client. They will find a way out of whatever the differences will be,”
In the article
…MDR with the government. This is a decision taken by NPCI (National Payments Corporation of India) ... we will have to wait and see," Chauhan said during an interaction with journalists after NSE's listing on the BSE. " It seems to be an issue between the broker and client. They will find a way out of whatever the differences will be, " he added. The comments came after the NPCI introduced a new MDR framework for UPI transactions. Under the framework, capital-market transactions, including payments involving stockbrokers, securities and mutual funds,…
Coverage
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All filed from India
NamedIndia · Bombay Stock Exchange · Ashish Chauhan · Ministry of Finance · National Payments Corporation of India · National Stock Exchange
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