Economy · India
SEBI to Address Stockbrokers' Concerns Over UPI MDR Framework
The Securities and Exchange Board of India (SEBI) will examine concerns raised by stockbrokers regarding the proposed MDR (Merchant Discount Rate) framework for UPI transactions. This move comes as stockbrokers and direct-to-consumer (D2C) brands have flagged potential issues with the proposed charges. Founders noted that even a 0.4% MDR could become substantial on high transaction volumes. The government has stated it is acting to shield users from MDR charges, with an October 15 rollout date mentioned. Some reports suggest that merchants engaging in "malpractice" with UPI MDR could face consequences, indicating a deeper government plan.
How outlets across the spectrum covered it
L 1 C 6 R 1
- Left (1): The Hindu
- Centre (6 votes, 7 outlets): Business Standard, Deccan Chronicle, The Economic Times · The Times of India (Times Group — 1 vote), The Financial Express, The Hindu BusinessLine, The Lallantop
- Right (1): India Today