MDR on UPI soon? Parliamentary Panel recommends expeditious introduction on high-value transactions

Commenting on the incentive programme for promoting RuPay Debit Cards and low-value BHIM-UPI transactions, the Committee noted that the budgetary allocation of Rs 2,000 crore to compensate for losses arising from the zero-MDR regime unnecessarily increases the Department's Demand for Grants

This is a curated summary. Read the full report at Times of India.