NPCI MD Dilip Asbe Justifies UPI Charges, Says The Money Is Need To Fund Ecosystem Growth

Listen to Dilip Asbe put up a strong case for the newly imposed Merchant Discount Rate (MDR) on UPI transactions. Speaking at a Fireside Chat at the SBI Banking & Economics Conclave, the MD and CEO of the National Payments Corporation of India (NPCI), says the charges will help fund the much-needed investments into the digital payments ecosystem. According to Asbe, growth in digital payments has slowed down in the past three years, not due to the base effect as many analysts say, but due to a lack of fresh investments. The adult penetration in digital payments has also stagnated at 30%-40% despite the early start. Listen to the conversation about how the MDR charges can jump-start growth in the digital payments ecosystem again.