Sitharaman Defends UPI MDR Policy as Professional & Independent
By ThePip Desk
Finance Minister Nirmala Sitharaman asserts that UPI Merchant Discount Rate (MDR) policy decisions are strictly professional and free from external pressure.
Finance Minister Nirmala Sitharaman firmly denied allegations that the government’s stance on the Merchant Discount Rate for Unified Payments Interface transactions was influenced by external pressure. Addressing these concerns, she emphasized that the decision-making process remained entirely professional.
Balancing the Digital Ecosystem
The policy approach aimed specifically at balancing the interests of various stakeholders across the digital payments ecosystem. Sitharaman reiterated the government commitment to promoting digital transactions while simultaneously ensuring the ongoing financial sustainability of the payment infrastructure.