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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh - The Economic Times
Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end users/customers," adding that the revenue would let banks and fintechs invest in infrastructure, innovation and security, benefits she said would eventually flow to all UPI users.
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FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security - The Economic Times
https://economictimes.indiatimes.com/news/india/fm-says-mdr-on-upi-applies-to-merchants-not-customers-fintechs-banks-will-invest-more-on-security/articleshow/133012075.cms
Nirmala Sitharaman Rejects Jairam Ramesh's UPI Charge Claims, Says MDR Applies Only To Merchants
https://www.freepressjournal.in/india/nirmala-sitharaman-rejects-jairam-rameshs-upi-charge-claims-says-mdr-applies-only-to-merchants
Nirmala Sitharaman Clarifies MDR For Digital Transactions And UPI - Rediff.com Business
https://www.rediff.com/business/report/fm-upi-mdr-for-merchants-funds-infrastructure-security/20260806.htm'Dubious claims': Congress' Jairam Ramesh hits back at Nirmala Sitharaman on taxation bill - The Economic Times
https://economictimes.indiatimes.com/news/politics-and-nation/dubious-claims-congress-jairam-ramesh-hits-back-at-nirmala-sitharaman-on-taxation-bill/articleshow/133030614.cmsProposed UPI MDR changes spark reactions from politicians, Industry leaders and users - The Economic Times
https://economictimes.indiatimes.com/tech/technology/proposed-upi-mdr-changes-spark-reactions-from-politicians-industry-leaders-and-users/articleshow/133022951.cms