NPCI defends UPI MDR in SC, says merchants cannot pass charges to customers

The National Payments Corporation of India (NPCI) has informed the Supreme Court that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers under the revised UPI pricing framework.

The top court on September 28 had sought responses from the Centre and others, including the NPCI, on a petition challenging the decision to impose an MDR on specified UPI person-to-merchant transactions above Rs 2,000.