New Delhi, Sept. 17 -- The Securities and Exchange Board of India (SEBI) will examine concerns raised by stockbrokers over the Merchant Discount Rate (MDR) being introduced on certain UPI transactions, SEBI Chairman Tuhin Kanta Pandey said on Thursday. The move comes as brokers assess the potential impact of the new payment cost on their business models.
"There are some important issues there. We will certainly look into it and see how we can ease them," Pandey said on the sidelines of the NaBFID Infrastructure Conclave 2026.
The concerns follow the National Payments Corporation of India's (NPCI) decision to introduce MDR on select UPI merchant transactions from October 15, 2026. Under the new framework, capital-market transactions, inclu...