The proposed MDR fee has been deferred until after Diwali, citing the festive season, but the bigger test remains: Can India fund its payments ecosystem without losing public trust?
The Congress attacked the Modi government over a notification restricting UPI and RuPay charges on transactions up to Rs 2,000. Rahul Gandhi and Mallikarjun Kharge alleged the move could pave the way for Merchant Discount Rate charges on larger transactions
