Supreme Court to Hear Plea Against 0.4% MDR on UPI Payments Above Rs 2,000
- The Supreme Court will hear advocate Anjan Datta’s public interest litigation challenging a 0.4% Merchant Discount Rate on specified UPI merchant payments above Rs 2,000.
- The new framework begins on October 15, while payments of Rs 2,000 or less and person-to-person transfers remain free.
- Datta argues that the levy lacks transparency and safeguards and asks the court to suspend or reconsider the framework after consultation and an impact assessment.
14 Articles
14 Articles
The decision to levy MDR on certain UPI payments above ₹2,000 has been challenged in the Supreme Court. The matter is scheduled to be heard on Monday.
SC to take up petition against imposition of 0.4% MDR on UPI payments of above Rs 2,000 on Monday - The Tribune
The Supreme Court will take up on Monday a PIL challenging the Centre’s decision to impose a Merchant Discount Rate (MDR) on specified UPI person-to-merchant transactions of over Rs 2,000.
Supreme Court to hear plea against 0.4% MDR on UPI payments above Rs 2,000
The Supreme Court will hear a plea against the Centre's new MDR on UPI merchant payments above Rs 2,000. The case questions the legal basis, classification and likely impact on merchants and digital users.
Important news has emerged for those making payments using UPI. The Supreme Court has challenged the proposal to impose a 0.4 percent MDR (Merchant Discount Rate) on select merchant payments exceeding ₹2,000. Hearing the case, the court has […]
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