The Sen Times

Petition filed in Supreme Court to challenge imposition of MDR on UPI payments of above Rs 2,000

New Delhi, Sep 16 (PTI) A public interest litigation (PIL) matter has been filed in the Supreme Court, challenging the Centres decision to impose a merchant discount rate (MDR) on specified UPI person-to-merchant transactions of above Rs 2,000, saying the levy has been introduced without adequate statutory safeguards, transparency or public consultation. The government has introduced a 0.4% fee on UPI payments of more than Rs 2,000 made to merchants from October 15. Under this, a merchant discount rate (MDR) of 0.4% is to be levied on person-to-merchant transactions of above Rs 2,000. However, no MDR is to be levied