Business
NPCI Tells Supreme Court Zero MDR on UPI is Unsustainable
The National Payments Corporation of India has informed the Supreme Court that the zero Merchant Discount Rate policy is no longer sustainable. NPCI argues that the massive growth in UPI transactions requires significant investments in security and infrastructure. This shift is essential to prevent the ecosystem from collapsing under its own operational demands.
Read news like this in 60 seconds
Short2News gives you the day's news as fast 60-word cards, in your own language.
- News in Telugu, Hindi, Tamil, Kannada and eight more languages
- Short summaries with the source on every story
- Read aloud, so you can listen hands-free
- Post from your area and earn rewards
More Top Stories
Thiruvananthapuram Airport Records Highest-Ever Domestic Cargo Volume in October
Sugarcane Growers To Protest in Bengaluru Demanding Better Prices
DoorDash Bans Employee LinkedIn Connections With Instacart Staff Amid Merger
Tax Implications for Sovereign Gold Bonds Traded on Stock Exchanges
Britannia Q2 Revenue Surges 15.6% While Margins Shrink
Global Semiconductor Stocks Plunge for Second Consecutive Day