RBI backs government’s MDR framework, calls it ‘important step’ towards sustainable UPI ecosystem

New Delhi [India], September 16 (ANI): The Reserve Bank of India (RBI) has backed the government’s latest Merchant Discount Rate (MDR) framework for UPI merchant transactions, calling it an “important step” towards strengthening the long-term sustainability of India’s digital payments ecosystem.

Taking to its official X account, the apex bank noted that the introduction of MDR on UPI merchant transactions above Rs 2,000 will support the long-term sustainability of India’s digital payments ecosystem.