Jitendra Soni shares his view with Mint
Our Partner, Jitendra Soni, shared his insights with Mint on the restrictions against merchants passing on UPI Merchant Discount Rate (MDR) charges to customers and the regulatory framework governing their enforcement.
Commenting on the applicability of NPCI’s guidelines, Jitendra noted that institutions facilitating UPI payments are responsible for ensuring that merchants do not impose additional charges on customers. He further explained that where payment aggregators are involved, the same restriction must extend to merchants, ensuring consumer protection even in cases where MDR is permitted.
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