RBI's Murmu says UPI MDR unlikely to push users back to cash

Reserve Bank of India official Murmu said the merchant discount rate on UPI is unlikely to trigger a shift back to cash usage. The comments come as the NPCI UPI merchant fee is set to take effect on 15 October, with VCs expecting payment fintech startups to return to investors' radar and higher valuations.

Detected & updated continuously · Source: Nebula