RSS affiliate opposes proposed MDR on UPI transactions above ₹2,000
Swadeshi Jagran Manch co-convener Ashwani Mahajan opposed the proposed Merchant Discount Rate (MDR) on UPI transactions exceeding ₹2,000, calling it unfortunate and a devaluation of India's digital payment achievement. He argued that cybersecurity costs should not justify this fee, as they are part of banks' routine operations. The debate continues as stakeholders assess the implications of this proposal.