Parijat Garg

Parijat Garg

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Parijat Garg is an independent fintech analyst who has provided analysis on the potential effects of the new MDR framework on merchant behavior. He raised concerns about enforcement challenges in a diverse merchant ecosystem and the possibility of merchants splitting larger payments to avoid MDR.

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Independent fintech analyst Parijat Garg has also raised the possibility of merchants splitting larger payments into multiple transactions to avoid MDR.

UPI still free, but there's a catch: How new MDR works & could cash payments make a comeback?
The Times of India·IndiaIndia· 2026-09-16
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