India, Aug. 5 -- Amid heated debate over the imposition of merchant discount rates (MDR) on UPI transactions, the Reserve Bank of India's (RBI) governor Sanjay Malhotra has informed that talks of the same are at a premature stage right now.

"It is very premature to talk right now. The government is still carrying out the amendment. The costs have to be paid by someone. We all want that this public infrastructure should continue to strengthen. Let's wait and watch for further developments on this," RBI governor Sanjay Malhotra reportedly said during the RBI's post-money policy press conference.

The comments come shortly after the union government tabled a proposal to amend the Payment and Settlement Systems Act (PSSA), 2007, in a bid to ...