Govt opens door to MDR on select UPI merchant payments

The government has opened the door to introducing a nominal Merchant Discount Rate (MDR) on a limited set of UPI...

Payments Council of India clarifies UPI free for consumers

"Merchant service charges, where applicable, are commercial arrangements between merchants and payment service...

ASSOCHAM’s Sanyal on Taxation Amendment Bill

Amid reports that government may allow Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions...

CAIT backs nominal MDR on high-value UPI transactions if proposed

The Confederation of All India Traders (CAIT) on Wednesday said it would support a nominal Merchant Discount Rate...

Merchant-funded UPI MDR of 30-40 bps most likely if introduced, c

If the government eventually introduces a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI)...

Finance Ministry dismisses speculation of MDR of UPI transactions

: The Finance Ministry on Wednesday termed as "false, baseless, and misleading" speculation that the Merchant...

Praveen Khandelwal urges Centre to exempt Merchant Discount Rate

Union Finance Minister Nirmala Sitharaman in December 2019 announced that no MDR charges would be applicable on...

PCI submits letter to PM Modi seeking re-evaluation of zero MDR f

The Payments Council of India (PCI), an industry body representing a diverse range of non-banking payment industry...

No MDR charge on payment via RuPay debit card, UPI, UPI QR...

New Delhi [India], Dec 31 (ANI): Users will no more be required to pay merchant discount rates (MDR) when they make...

No MDR charges on payment modes to be notified on Jan 1:...

New Delhi [India], Dec 28 (ANI): The customers will not be charged merchant discount rates (MDRs) for...

Passengers not to be charged for MDR booking of railway tickets

New Delhi [India], Mar. 2 (ANI): The Indian Railways announced that Merchant Discount Rate (MDR) charges will not be...

Cabinet approves subsidizing MDR charges on digital transactions

New Delhi [India], Dec 15 (ANI): In yet another move to encourage greater adoption of digital payments in India, the...