Talks On MDR On UPI At A Premature Stage: RBI Governor Sanjay Malhotra

Amid heated debate over the imposition of merchant discount rates (MDR) on UPI transactions, the Reserve Bank of India’s (RBI) governor Sanjay Malhotra has informed that talks of the same are at a premature stage right now. “It is very premature to talk right now. The government is still carrying out the amendment.