Summary
UPI is introducing a 0.4% Merchant Discount Rate (MDR) on merchant transactions above Rs 2,000 from October 15, aiming to fund its infrastructure while consumers continue to pay no fees. This change has sparked debate among industry leaders regarding cost bearing and revenue sharing, and has impacted payment stocks. The article also touches on the intensifying debate around AI's potential risks and safety, with contrasting views from industry leaders like Mark Zuckerberg, Dario Amodei, and Jensen Huang.
