Economy
NPCI Defends Proposed UPI Transaction Charges in Supreme Court
The Hindu1h
THE BRIEF
1
The NPCI told the Supreme Court that zero Merchant Discount Rates are unsustainable due to the rising costs of maintaining the UPI network.
2
A 0.4% charge is proposed only for high-value P2M transactions over ₹2,000, affecting roughly 4% of total merchant transactions.
3
The corporation stated the fee is a recovery charge for systemic costs, distinct from taxes or statutory levies.