PIL in SC challenges imposition of 0.4% MDR on UPI payments of above Rs 2,000 - The Tribune
A day after the Centre announced imposition of a merchant discount rate (MDR) on specified UPI person-to-merchant (P2M) transactions of above Rs 2,000, a PIL in the Supreme Court on Wednesday challenged the decision, alleging the levy was introduced without adequate statutory safeguards, transparency or public consultation.