CJI-led Bench to hear plea against MDR on UPI payments today
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 above Rs 2,000.
The PIL, filed by advocate Anjan Datta, is listed for hearing before a Bench led by Chief Justice of India Surya Kant on September 28.
Ending nearly six years of fully free UPI payments, the Centre has introduced a 0.4 per cent merchant discount rate (MDR) on UPI payments of more than Rs 2,000 to be levied on person-to-merchant (P2M) transactions above Rs 2,000. However, no MDR will be levied on UPI transactions of up to Rs 2,000.
