New UPI charges challenged in SC; petitioner flags impact on common man
A petition has been filed in the Supreme Court of India challenging the government's new merchant discount rate (MDR) charges on high-value UPI transactions. The petitioner argues the move could negatively impact common citizens, while the finance ministry maintains the changes are domestic and affect only a small percentage of transactions.
Why it matters
This case highlights the ongoing tension between digital payment adoption and the regulatory costs imposed on merchants and consumers in India's rapidly digitizing economy.
NEW DELHI: A petition challenging the Centre's newly notified charges on certain high-value commercial UPI transactions has been filed in the Supreme Court, with the petitioner arguing that the move could eventually affect the common citizens.Advocate Anjan Datta has sought the scrapping of two Gazette notifications issued by the finance ministry on September 14 and 15, which introduced the revised framework for UPI merchant transactions above Rs 2,000.The Union government, RBI, NPCI and UPI have been named as respondents in the petition.Earlier in the day, the finance ministry…
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