1 min readBy Uma Devi
MDR on UPI unlikely to trigger ‘large-scale’ increase in fees: World Bank’s Neelkanth Mishra
Allowing Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions would serve as an enabling provision and is unlikely to lead to a significant increase in charges because of intense competition in the payments ecosystem, said Neelkanth Mishra, Executive Director at the World Bank Group, on Saturday.
By Uma DeviEthiopia
Allowing Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions would serve as an enabling provision and is unlikely to lead to a significant increase in charges because of intense competition in the payments ecosystem, said Neelkanth Mishra, Executive Director at the World Bank Group, on Saturday.
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About this article
- Length
- 48 words · 1 min read
- Published
- October 3, 2026
- Byline
- Uma Devi
- Source
- The Munsif Daily