The new MDR framework seeks to reshape costs and incentives across India’s digital payments ecosystem. Well, enough has been deliberated upon and written on both sides of the coin about the MDR on UPI. There is no point in debating the merits of the move, because the larger economic machinery in the Raisina Hills has a definite view of why the UPI ecosystem should start generating income “just after” completing its 10 years. The timing of the move is even more audaciously pec