Business News | BharatPe Supports New MDR Framework, Says Ashneer Grover’s Views Do Not Represent Company’s Position
Get latest articles and stories on Business at LatestLY. The company also said that any views expressed by Ashneer Grover on the MDR framework are entirely in his individual capacity and do not represent the position of the company.
New Delhi [India], September 17 (ANI): BharatPe has strongly backed the new MDR framework for UPI merchant transactions, with Nalin Negi, CEO, BharatPe, saying the move will strengthen the economics of digital payments while continuing to protect consumers and micro and small merchants.
Nalin Negi, CEO BharatPe said, “The new MDR framework proves that UPI will remain free for consumers while building a sustainable, robust and stronger payments ecosystem. Consumers continue to pay no charges for UPI, while micro and small merchants under the P2PM framework remain protected with Zero MDR. Importantly, around 96% of P2M transactions remain unaffected. The framework creates resources to expand merchant acceptance, infrastructure and digital payment adoption, particularly across smaller towns and underserved markets. BharatPe has always been a champion of the small merchant, and we strongly support this approach that protects them while strengthening the ecosystem they depend on.”
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The framework also provides for a dedicated fund to support merchant onboarding, digital payment infrastructure and UPI adoption among small merchants, particularly in Tier 3 to Tier 6 centres and underserved markets.
BharatPe thanked NPCI, RBI and Government of India for this landmark decision which will go a long way towards supporting the merchant and consumer UPI ecosystem.
The company also said that any views expressed by Ashneer Grover on the MDR framework are entirely in his individual capacity and do not represent the position of the company.
A BharatPe spokesperson said, “Mr. Grover has had no association with BharatPe since 2024 and is neither a shareholder nor associated with the company in any capacity.
We urge members of the media not to attribute any statement or view expressed by Mr. Grover to the company. Our position on MDR framework and the digital payments ecosystem is represented by its current leadership and authorised spokespersons.” (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)