Decoding MDR’s impact; EV bikes’ policy change sparks debate

Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.

Also in the letter:

■ UPI MDR: D2C brands reassess costs

■ Industry leaders split on AI development

■ Infosys expands Indore facility

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^{UPI MDR could bring transaction value into payment apps’ market-share battle, industry executives say}