Livemint

'Inevitable, more competition': Nithin Kamath backs UPI MDR but flags cost burden for brokers

Nithin Kamath, Zerodha co-founder, backed Merchant Discount Rate (MDR) on UPI, calling it inevitable and saying it could boost competition. But he flagged the cost burden on brokers, suggesting a 0.02% MDR capped at 5-10, rather than 300.