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'Inevitable, more competition': Nithin Kamath backs UPI MDR but flags cost burden for brokers

1 month ago 17
Nithin Kamath backed merchant discount rate (MDR) on UPI, calling it probably inevitable and saying it could boost competition. But he flagged the cost burden on brokers, suggesting a 0.02% MDR capped at ₹5-10 instead of ₹300.
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