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The Economic Times
The Economic Times
National

Finance Ministry rejects foreign influence claims over UPI MDR, says India's digital payments decisions are made independently

India

The finance ministry on Wednesday rejected claims that foreign pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, saying India’s UPI policy is decided independently.

The clarification came after Opposition parties, including the Congress, alleged that the government had acted under US pressure.

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