Govt on MDR: No compensation on losses due to waiving off of transactional charges

Nirmala Sitharaman
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Govt on MDR: No compensation on losses due to waiving off of transactional charges

“..the government would neither amend nor withdraw the zero merchant discount rate (MDR) policy (on Rupay/UPI), nor compensate these companies on losses due to the waiving off the transactional charges in the upcoming budget.” [Finance minister to Fintech founders/via]

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