IIT Bombay report warns UPI MDR could shift costs to users
In short
An IIT Bombay report says a UPI MDR proposal could shift costs onto users even though a surcharge ban is in place. The report is said to estimate ₹18,000 crore a year for payment providers.
This matters because it could affect how people pay and what they pay. The reporting does not say the final policy details or whether any government decision has been made.
What the reporting says
An IIT Bombay report says a UPI MDR proposal could push costs onto consumers despite a surcharge ban, according to a BusinessLine summary. The report is said to estimate ₹18,000 crore in annual revenue for payment providers and call for tweaks to protect public trust. The exact policy design, timing, and any official response are not stated in the available reporting.
Why it matters
An IIT Bombay report, as summarized by BusinessLine, says a UPI MDR proposal may shift costs onto consumers despite a surcharge ban. The summary cites an estimated ₹18,000 crore in annual revenue for payment providers and says tweaks are needed to protect public trust. The reporting does not state the final policy terms, who would pay the charge, or whether any official decision has been taken.