Delhi High Court Directs RBI to Mediate PayU, Banks, Visa Dispute Over Merchant Codes
The Delhi High Court has directed the Reserve Bank of India (RBI) to mediate a dispute involving PayU Payments, Yes Bank, ICICI Bank, and Visa over the classification of Merchant Category Codes (MCCs) and related interchange reimbursement fee (IRF) claims. The court ordered the parties to maintain the status quo on disputed past transactions, barring Visa from finalizing IRF determinations and acquiring banks from deducting disputed amounts from PayU. The RBI is to appoint a senior payments expert to facilitate resolution within 30 days, with the next hearing scheduled for October 27.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 50/100.
Outlets measured: businessstandard, inc42media. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
inc42media broke this story on 15 Sept, 01:09 pm. Other outlets followed.
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