Startup Policy Forum endorses discount rates on UPI for large merchants

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Startup Policy Forum endorses discount rates on UPI for large merchants - YourStory

Quick Summary:

The endorsement follows the Payments Council of India’s (PCI) recent warnings that the absence of MDR on UPI and RuPay transactions, combined with reduced government incentives, is straining the business models of fintechs and payment processors.

The debate underscores growing concerns over the long-term viability of India’s digital payments ecosystem, which processes transactions worth trillions but operates on razor-thin margins.

"SPF recognizes that in a nation as diversified as India, growth imperatives have to be balanced with inclusion.