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Kashmir Reader

Startups / Kashmir Reader

No US pressure in UPI MDR decision: Fin Min

NPCI circular offers no advantage to foreign credit cards NEW DELHI: The Finance Ministry on Thursday dismissed allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments, saying the latest NPCI guidelines do not offer any advantage to international credit cards over RuPay on []

18 Sep 2026 2:08 am