MDR On UPI Debate Reignites, Meesho’s IPO Plans & More

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UPI’s MDR Debate Heats Up Again

Fintech startups have again voiced concerns over the zero MDR regime for UPI payments. Caught between increasing deployment costs and compliance expenses, industry stakeholders have sought Prime Minister Narendra Modi’s intervention on the policy that was introduced to promote the UPI ecosystem. 

But, Why The Sudden Outburst? Last week, the union cabinet cleared an INR 1,500 Cr scheme to incentivise BHIM and UPI transactions (under INR 2,000) for FY25, which is already 60% lower than FY24’s outlay of INR…



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MDR On UPI Debate Reignites, Meesho’s IPO Plans & More


UPI’s MDR Debate Heats Up Again

Fintech startups have again voiced concerns over the zero MDR regime for UPI payments. Caught between increasing deployment costs and compliance expenses, industry stakeholders have sought Prime Minister Narendra Modi’s intervention on the policy that was introduced to promote the UPI ecosystem. 

But, Why The Sudden Outburst? Last week, the union cabinet cleared an INR 1,500 Cr scheme to incentivise BHIM and UPI transactions (under INR 2,000) for FY25, which is already 60% lower than FY24’s outlay of INR…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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