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Business
NSE CEO Says No Govt Talks on UPI MDR, Clarifies It's for Brokers
✍️ Asianet Newsable
🗓 27 Sep 2026, 02:19 AM
👁 11
The National Stock Exchange's CEO said there have been no discussions with the government about UPI Merchant Discount Rate, adding that the MDR framework is meant for brokers.
The CEO of the National Stock Exchange (NSE) addressed concerns about the UPI Merchant Discount Rate (MDR) during a recent interaction, stating that no talks have taken place with the government on this matter.
He clarified that the MDR structure applicable to UPI transactions is designed specifically for brokers and not subject to government negotiation.
The statement comes amid ongoing discussions about digital payment charges, though the NSE chief did not elaborate further on any future plans or timelines.
He clarified that the MDR structure applicable to UPI transactions is designed specifically for brokers and not subject to government negotiation.
The statement comes amid ongoing discussions about digital payment charges, though the NSE chief did not elaborate further on any future plans or timelines.