Foreign Affairs

Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edge

· 17 September 2026 · 2 min read
Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edge

The Economic Times has reported a new India-focused foreign affairs development: “Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edge.” The publisher's feed describes the story as follows: India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework prioritizes RuPay credit cards for UPI transactions. This move aims to foster domestic competition and create a sustainable revenue model. Small merchants and certain tran

Original reporting by The Economic TimesRead the full story

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