A tiny MDR on UPI payments has enraged the left, right and the Congress. All furious that some of this revenue will go to private fintechs, but also to American firms. This ideological outrage is misplaced if not fake, especially from the Visa/Mastercard-using classes. Merchants can’t get taxpayer-funded freebies.
Ideological outrage over MDR on UPI payments is misplaced, if not fake
ThePrint view on the most important issues.
Nine Years, Made Possible by Readers
In 2017, Shekhar Gupta started ThePrint with a simple belief: Indian readers want journalism that asks why and what next, not just what. And that enough of them would be willing to pay for good journalism.
Nine years on, that belief has held.
And, in these nine years, we’ve stayed true to our mission. We’ve been asking the follow-up questions, going beyond the headlines and explaining what’s actually happening. We’ve travelled across the country to bring you in-depth, visually-compelling stories from the ground.
It’s been nine years of readers choosing to make this possible. If you’d like to be one of them:

0.4%. That sounds very reasonable. Compare credit card charges. Or how much it costs guest workers ( all over the world ) to send money to their families back home.