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NSE Chief Ashish Chauhan Denies UPI MDR Discussions

By ThePip DeskNSE Chief Ashish Chauhan Denies UPI MDR Discussions

NSE CEO Ashish Chauhan denies market rumors regarding government discussions on introducing UPI MDR charges, easing digital payment concerns in India.

National Stock Exchange Managing Director and Chief Executive Officer Ashish Chauhan has addressed market rumors regarding the potential introduction of Merchant Discount Rate on Unified Payments Interface transactions. Chauhan explicitly stated that there have been no discussions between the NSE and the government regarding this matter.

Market Uncertainty and Policy Context

The clarification arrives directly amidst mounting market concerns and speculation about possible changes to the zero-MDR policy currently governing UPI payments in India. By denying any engagement on the topic, the NSE chief has sought to quell uncertainty regarding the future cost structure of digital payments.

The ongoing zero-MDR policy remains a foundational element for the rapid adoption of digital payments across the country. Any shift in this policy structure would fundamentally alter merchant costs, making official clarifications from exchange leadership critical for market stability.

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