No US pressure in UPI MDR decision; NPCI circular offers no advantage to foreign credit cards: FinMin

Economic Times - Sep 17, 2026

The Department of Financial Services (DFS) issued the clarification in response to observations in the US Trade Representative's (USTR) 2026 report on the inability of US electronic payment service providers to participate in the UPI ecosystem, including credit transactions on UPI, on a level playing field with RuPay.

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