{"id":1037077,"date":"2026-09-19T10:36:48","date_gmt":"2026-09-19T05:06:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1037077"},"modified":"2026-09-19T11:02:09","modified_gmt":"2026-09-19T05:32:09","slug":"mdr-on-upi-wont-drive-users-back-to-cash-transactions-rbi-deputy-governor","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/19\/mdr-on-upi-wont-drive-users-back-to-cash-transactions-rbi-deputy-governor\/","title":{"rendered":"MDR on UPI won\u2019t drive users back to cash transactions: RBI Deputy Governor"},"content":{"rendered":"<p>The implementation of the merchant discount rate (MDR) on the Unified Payments Interface (UPI) is not expected to drive users back to cash transactions, a concern which is expressed in certain quarters, stated RBI Deputy Governor S C Murmu. <\/p>\n<p>MDR will assist the payments ecosystem in recouping its expenses, he said, noting that although digital payments have gradually supplanted cash as a transaction method, cash still maintains its function as a value store.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The implementation of the merchant discount rate (MDR) on the Unified Payments Interface (UPI) is not expected to drive users back to cash transactions, a concern which is expressed in certain quarters, stated RBI Deputy Governor S C Murmu. MDR will assist the payments ecosystem in recouping its expenses, he said, noting that although digital payments have gradually supplanted cash as a transaction method, cash still maintains its function as a value store.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[91,4,24],"tags":[],"class_list":["post-1037077","post","type-post","status-publish","format-standard","hentry","category-it-2-the-tribune","category-newspapers","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1037077"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037077\/revisions"}],"predecessor-version":[{"id":1037095,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1037077\/revisions\/1037095"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1037077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1037077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1037077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}