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SC declines stay on UPI MDR rollout, seeks response from Centre, RBI, NPCI on plea
The Supreme Court has declined to stay the October 15 rollout of the new Merchant Discount Rate (MDR) framework for specified UPI merchant transactions above Rs 2,000.
Via Entrackr
·Excerpt
A bench comprising Chief Justice of India Surya Kant and Justices Joymalya Bagchi and V Mohana directed the Centre, RBI and NPCI to file their responses within four weeks.
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The Supreme Court has declined to stay the October 15 rollout of the new Merchant Discount Rate (MDR) framework for specified UPI merchant transactions above Rs 2,000. The court has issued notices to the Centre, Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) on a…
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