New Delhi, Sept. 17 -- BharatPe has strongly backed the new MDR framework for UPI merchant transactions, with Nalin Negi, CEO, BharatPe, saying the move will strengthen the economics of digital payments while continuing to protect consumers and micro and small merchants.

Nalin Negi, CEO BharatPe said, "The new MDR framework proves that UPI will remain free for consumers while building a sustainable, robust and stronger payments ecosystem. Consumers continue to pay no charges for UPI, while micro and small merchants under the P2PM framework remain protected with Zero MDR. Importantly, around 96% of P2M transactions remain unaffected. The framework creates resources to expand merchant acceptance, infrastructure and digital payment adoption...