SC refuses to stay MDR on transactions above ₹2,000
BusinessLine 57 min ago·28 Sept 2026, 7:47 am
The Supreme Court has declined to stay the implementation of the Merchant Discount Rate (MDR) on card transactions above ₹2,000. The bench did not accept the petition seeking a temporary halt, meaning the rule remains in effect for now. This decision impacts the broader market as it affects the cost structure for banks, payment gateways, and merchants who process higher-value electronic payments.
For investors, this development signals that the regulatory environment for the digital payments sector will continue to evolve without immediate disruption. The lack of a stay suggests the government's push for a cashless economy will proceed as planned. Investors should monitor upcoming court dates and any further clarifications from the Reserve Bank of India regarding the MDR structure.
Excerpt from BusinessLine
Supreme Court on Monday did not stay the proposal to levy Merchant Discount Rate (MDR) on transaction above ₹2,000. The proposal is coming into effect from October 15. Meanwhile, a bench comprising Chief Justice Suryakant and Justices J Bachi and V Mohana issued notices to government and other concerned. They have to…Read the original at BusinessLine
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