Zero MDR a force-multiplier of economic growth: Paytm chief at BFSI summit

We will be known as (the) consumer technology builder of the world,' said Sharma at the Business Standard BFSI Insight Summit in Mumbai on Wednesday

The Unified Payments Interface (UPI) should stay free till digital transfers become the dominant way of using money, said Vijay Shekhar Sharma, the leader of digital payments firm Paytm.

A free UPI will bring in more people into the formal economy and have a multiplier effect, said Sharma, managing director and chief executive officer of One 97 Communications, which operates Paytm. He was speaking at the Business Standard BFSI Insight Summit in Mumbai on Wednesday.

“We believe that this country should keep UPI free till the time…majority of shopkeepers and customers are making payments by digital mobile payment systems…the secondary and tertiary