Govt to bring back UPI merchant fee
India could restore the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions for large merchants, addressing an issue that has plagued the online
India could restore the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions for large merchants, addressing an issue that has plagued the online payments industry, according to three people aware of the matter.“There have been multiple industry representations on bringing back MDR in view of the large and growing volume of digital transactions….It is being actively examined,” said one of the persons.MDR is the fee
The BriefWire