UPI fee battle reaches supreme court as MDR stay plea gets rejected
- Supreme Court declined to stay MDR on specified UPI transactions exceeding ₹2,000 from October 15.
- The court said the issue involves technical aspects and sought responses from the Centre and respondents.
- Centre and other respondents must submit their counter-affidavits within four weeks following the court’s direction.
- MDR is a fee merchants pay for processing eligible UPI transactions, affecting payment processing costs.
Source: newsonair.gov.in
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