NewzThe Supreme Court of India has declined to grant an interim stay on the implementation of Merchant Discount Rates (MDR) for transactions conducted via the Unified Payments Interface (UPI). The court directed the central government to provide a formal explanation regarding its recent policy decisions concerning these transaction charges.
This legal development follows ongoing debates regarding the financial sustainability of digital payment infrastructure and the impact of zero-MDR policies on service providers. By requesting a detailed response from the Centre, the court has signaled its intent to examine the regulatory framework governing UPI transactions before determining the necessity of further judicial intervention.
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