RBI Governor says zero MDR unlikely to impact UPI transaction volume.

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The Reserve Bank of India Governor stated that the zero Merchant Discount Rate (MDR) policy for UPI and RuPay will not significantly affect transaction volumes. He made these remarks during a recent address in Mumbai. The governor explained that the focus should be on broader financial inclusion rather than interchange revenue. This statement addresses ongoing industry discussions about the sustainability of the no-charge model for digital payments.

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