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The Finance Ministry on Thursday (September 17) rejected allegations that US pressure influenced the decision to introduce a 0.4% Merchant Discount Rate (MDR) on select UPI transactions, saying the latest NPCI guidelines do not provide any advantage to international credit cards over RuPay on the UPI platform.

Read more: https://www.livemint.com/news/india/upi-mdr-decision-finmin-rejects-claims-of-us-influence-says-npci-rules-aim-to-support-domestic-competition-11789649987487.html
mint UPI MDR decision: FinMin rejects claims of US influence, says NPCI rules aim to support domestic competition | Today News The clarification comes amid allegations from some Opposition parties, including the Congress, that the government had introduced the 0.4% MDR following pressure from the US.
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