Sebi discusses new UPI merchant charges with NPCI as brokers flag cost concerns

What happened: Sebi is in talks with NPCI over the new merchant discount rate on certain UPI transactions, including capital-market payments, after stockbrokers raised cost concerns. Why it matters: Brokers have asked Sebi and the central government to reconsider, warning the MDR could exceed brokerage revenue from trades, since funds moved into trading accounts may go unused. Mint reported brokers were considering extra customer charges to offset the cost.

Sebi is in talks with NPCI over the new merchant discount rate on certain UPI transactions, including capital-market payments, after stockbrokers raised cost concerns.

Brokers have asked Sebi and the central government to reconsider, warning the MDR could exceed brokerage revenue from trades, since funds moved into trading accounts may go unused. Mint reported brokers were considering extra customer charges to offset the cost.