Economy
Supreme Court to hear plea against Merchant Discount Rate on UPI
The Hindu18h
THE BRIEF
1
The Supreme Court will hear a public interest litigation filed by advocate Anjan Datta challenging the Centre's notification imposing an MDR on specified UPI transactions.
2
The challenged framework introduces a 0.4% fee on UPI transfers over ₹2,000 made to merchants starting October 15, while ring-fencing everyday P2P transfers from any charges.
3
The petitioner alleges that the levy lacks statutory safeguards, transparency, or public consultation, and questions the distinction between UPI and RuPay debit card payments.