Tag: Merchant Discount Rate

National
SC seeks Centre’s response on challenge to MDR for high-value UPI merchant payments

SC seeks Centre’s response on challenge to MDR for high-value UPI merchant payments

The Supreme Court has sought responses from the Centre, RBI and others on a petition...

National
UPI Stays Free for P2P Payments, 0.4 Percent MDR on Merchant Transactions Above Rs 2,000

UPI Stays Free for P2P Payments, 0.4 Percent MDR on Merchant Transactions Above Rs 2,000

The government’s new UPI framework keeps all P2P payments free and leaves about...