Zerodha’s Kamath Backs UPI MDR but Flags Risk to Zero-Brokerage Model

Zerodha co-founder Nithin Kamath has backed the National Payments Corporation of India’s (NPCI) new Merchant Discount Rate (MDR) on UPI, calling it “probably inevitable” given how widely the payment system has been adopted.  But he flagged a specific problem with how the rate applies to capital market transactions, one that could quietly reshape the economics […] Read The Full Article Zerodha’s Kamath Backs UPI MDR but Flags Risk to Zero-Broker…