The UPI Dilemma: Balancing Sustainability with Access The recent decision to introduce a 0.
4% Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions above Rs 2,000 has sparked controversy in India.
While the government claims this move is aimed at strengthening the UPI ecosystem and making it financially sustainable, critics see it as a "Modi Tax" that will disproportionately affect ordinary citizens.