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The Economic Times
The Economic Times

MDR a small fee, will not have major impact on UPI volumes: RBI Guv Malhotra

RBI Sanjay Malhotra Reserve Bank of India SC India NBFC

Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Wednesday said levying a "small fee" in the form of merchant discount rate (MDR) will not have a "major impact" on UPI transaction volumes.

"As of now, we do not see any drop in volumes. And I don't personally think that a small fee will have a major impact on the volumes," he told reporters at the central bank headquarters here.

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