‘I don’t take critics like Ashneer Grover seriously’: PhonePe CEO Samir Nigam responds to UPI MDR criticism

UPI’s proposed MDR on select transactions has triggered a fresh debate over the cost and sustainability of India’s digital payments ecosystem. PhonePe CEO Sameer Nigam defended the framework, while former BharatPe co-founder Ashneer Grover questioned the need to charge for UPI transactions.