IIT‑Bombay proposes cutting UPI MDR from 0.4% to 0.08%
By United One News · AI-generated summary of 2 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
An IIT‑Bombay report recommends reducing UPI merchant discount rates to 0.08% and reallocating bank deposit earnings to fund digital payments.
- The report estimates ₹18,000 crore annual revenue for payment providers under current MDR.
- It argues that the high MDR may shift costs onto consumers despite a surcharge ban.
- The proposal suggests banks use part of deposit earnings to support the digital payments ecosystem.
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
How each side framed it
UPI MDR should be cut from 0.4% to 0.08%: IIT-Bombay report proposes new fee structure
Timeline
First reported by Business Today on ; 2 articles from 2 outlets so far.
Who is covering this story
- Center (2): Business Today, The Hindu BusinessLine