Budget 2022: Payments industry urges govt to abolish zero MDR regime or compensate shortfall
- The industry expects a loss of ₹5,500 crore from UPI and RuPay MDR being made zero. With zero MDR, the government has taken away the ability of payment service providers to invest in and maintain financial infrastructure they have built
MUMBAI: Digital payments industry has urged the Centre to roll back the zero MDR regime for unified payments interface (UPI) and Rupay debit cards in the upcoming Union Budget, the Payments Council of India (PCI) said on Friday.
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