No zero-MDR guarantee ever given to merchants: Govt to SC

The Centre told the Supreme Court that merchants were never assured UPI would remain free indefinitely. In a counter-affidavit filed November 4, the government defended the proposed MDR on UPI transactions above ₹2,000, saying subsidies worth ₹8,730 crore were discretionary. It clarified P2P transfers and P2M transactions up to ₹2,000 remain exempt.