{
  "id": 7911383,
  "title": "Zero-MDR gave banks no return on UPI merchant onboarding costs: Ex-DFS secretary M. Nagaraju",
  "url": "https://urgent.news/2026/09/17/zero-mdr-gave-banks-no-return-on-upi-merchant-onboarding-costs-ex-dfs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T00:30:32.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/india/zeromdr-gave-banks-no-return-on-upi-merchant-onboarding-costs-ex-dfs-secretary-m-nagaraju-11789562151509.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The reassessment of the zero-MDR model was driven by the rapid increase in UPI transaction volumes and the widening gap between the cost of running the ecosystem and the government's support, says M. Nagaraju, former DFS secretary.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}