Nithin Kamath Supports UPI Merchant Discount Rate Amid Rising Digital Payments

Prominent investor Nithin Kamath publicly endorsed the merchant discount rate (MDR) applied to Unified Payments Interface (UPI) transactions, saying it aligns with the country’s accelerating shift to cashless payments. His backing comes as data from payment processors shows a marked increase in the volume of UPI transactions across the nation. Kamath’s support is viewed as a vote of confidence for the pricing model that underpins the fee structure for merchants accepting UPI. Analysts note that a stable MDR could encourage more small businesses to adopt digital payment solutions, further expanding the ecosystem. The endorsement underscores the broader consensus among industry leaders that UPI will remain a cornerstone of India’s financial digitalisation.