MDR On UPI Debate Reignites, Meesho’s IPO Plans & More

UPI’s MDR Debate Heats Up Again

Fintech startups have again voiced concerns over the zero MDR regime for UPI payments. Caught between increasing deployment costs and compliance expenses, industry stakeholders have sought Prime Minister Narendra Modi’s intervention on the policy that was introduced to promote the UPI ecosystem. 

But, Why The Sudden Outburst? Last week, the union cabinet cleared an INR 1,500 Cr scheme to incentivise BHIM and UPI transactions (under INR 2,000) for FY25, which is already 60% lower than FY24’s outlay of INR…