UPI MDR: Plea in SC Challenges 0.4% Fee on Payments of Above ₹2,000
The petition says the 0.4% fee on UPI merchant payments above ₹2,000 is arbitrary and lacks statutory safeguards.
- A Public Interest Litigation filed in the Supreme Court challenges the Centre's framework permitting a Merchant Discount Rate on Unified Payments Interface transactions exceeding ₹2,000, alleging the move imposes an arbitrary financial burden.
- Advocate Anjan Datta's petition argues the new MDR framework, announced September 15 and effective October 15, lacks transparency and statutory safeguards, claiming the move is discriminatory and introduces fees without adequate public consultation.
- Under the new framework, a 0.4 per cent MDR applies to general P2M transactions, capped at ₹300 for amounts of ₹75,000 or more; essential sectors face a flat ₹5 fee, while capital-market transactions attract 0.02 per cent MDR.
- Seeking the suspension of the framework, the petitioner requests an independent review by the Reserve Bank of India and the Union government, citing the absence of the operative instrument's publication in the Official Gazette.
- Challenging the constitutional validity of the Payment and Settlement Systems Act, the plea also questions why the notification continues no-charge protection for RuPay debit-card payments without a similar monetary ceiling.
17 Articles
17 Articles
Plea in SC challenges MDR on UPI payments above Rs 2,000
New Delhi: A public interest litigation (PIL) matter has been filed in the Supreme Court, challenging the Centre’s decision to impose a merchant discount rate (MDR) on specified UPI person-to-merchant transactions of above Rs 2,000, saying the levy has been introduced without adequate statutory safeguards, transparency or public consultation. The government has introduced a 0.4 … Get the latest updates in Hyderabad City News, Technology, Enterta…
In the Supreme Court, Anjan Dutta has challenged the Finance Ministry's notification of September 14, which provides for a charge of 0.4% on UPI payments of more than Rs 2,000.
Plea in Supreme Court against imposition of MDR on UPI payments of above ₹2,000
The petitioner has contended that UPI transactions of up to ₹2,000 and all person-to-person transfers will remain free, while small merchants receiving up to ₹1 lakh per month through UPI QR codes are exempted
Petition filed in India's top court to challenge UPI fee, NDTV reports
A petition has been filed in India's Supreme Court challenging a move to impose a fee on certain transactions made to merchants through the homegrown UPI digital payments network, broadcaster NDTV reported on Wednesday.
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