Supreme Court to hear challenge to UPI MDR on P2M payments
In short
The Supreme Court is set to hear a challenge to the Centre’s new Merchant Discount Rate on UPI person-to-merchant payments above ₹2,000. The rule is scheduled to take effect on October 15.
This matters for merchants, payment users, and the UPI ecosystem. The reporting does not say how the court will rule or what will happen next.
What the reporting says
The Supreme Court is set to hear a plea challenging the Centre's new Merchant Discount Rate on UPI person-to-merchant transactions above ₹2,000, with the charge due to take effect on October 15. The reporting says the policy change is being challenged, but it does not state the court's view or the likely outcome. The immediate issue is whether the new fee framework will be allowed to stand.
Why it matters
The Supreme Court is due to hear a plea against the Centre's new Merchant Discount Rate on UPI person-to-merchant transactions over ₹2,000, which is scheduled to take effect on October 15. The reporting identifies the policy being challenged, but not the petitioner, the legal grounds, or any interim order. The case matters for merchants and the wider UPI payments ecosystem because the fee change could affect transaction costs.