UPI MDR deferral called unjustified by NeoStrat founder
In short
Abizer Diwanji of NeoStrat Advisors said the UPI MDR deferral does not make much economic sense.
The summary says he believes the move will have little effect on merchants and no effect on consumers, and that 95% of merchant payments are not impacted. It does not say whether the policy will change.
What the reporting says
Abizer Diwanji, founder of NeoStrat Advisors, said the UPI MDR deferral has little economic justification, according to a CNBC-TV18 summary. The report says he argued the move has limited impact on merchants and no hit to consumers, with the summary saying 95% of merchant payments face no impact. The reporting does not state any policy change or government response.
Why it matters
The reported comment from NeoStrat Advisors’ Abizer Diwanji criticizes the UPI MDR deferral as lacking economic justification. The summary says merchants would see limited impact and consumers no hit, with 95% of merchant payments facing no impact. The available reporting does not explain the policy details, the current scope of the deferral, or any official response.