Business3 hours ago
Naughty 😇•30%
Nithin Kamath Supports UPI MDR, Warns Brokers of Cost Burden
Nithin Kamath, co-founder of Zerodha, endorses UPI's Merchant Discount Rate (MDR) as a necessary step for competition. He proposes a capped MDR of ₹5-10, instead of ₹300, to alleviate the financial strain on brokers. This move could reshape the financial landscape in India, enhancing market dynamics while addressing cost concerns.
⚖️ AI Verdict
"Looks like competition is heating up, but brokers might need to tighten their belts!"
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File ID: #393041Original Source: LiveMint Money ↗
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