
Parijat Garg
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·
India· 2026-09-16







