Mdr
Latest news, explainers and analysis on Mdr. Tracking 5 stories on Arth Vani.
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Latest on Mdr
RBI DG Murmu: MDR Concerns Unlikely to Drive Indians Back to Cash
Reserve Bank of India (RBI) Deputy Governor Shirish Chandra Murmu has stated that concerns over Merchant Discount Rate (MDR) are not expected to increase the use of physical cash in India. This indicates the central bank's confidence in the continued adoption of digital payments despite existing apprehensions.
BreakingUPI Remains Free for Consumers and Small Merchants, Government Clarifies
The Indian government has confirmed that using UPI will continue to be free for consumers and small merchants. Potential Merchant Discount Rate (MDR) charges may only apply to a select category of transactions exceeding a certain threshold, which is yet to be specified.
BreakingUPI Payments Remain Free for Users; Select Merchant Transactions May See Nominal MDR
The government has confirmed that UPI payments will continue to be free for Indian consumers. While most merchant transactions will also remain free, a nominal Merchant Discount Rate (MDR) may be introduced for a limited number of high-value merchant transactions in the future.
New LaunchBreakingGovernment May Reintroduce UPI Charges for Large Merchant Transactions Over ₹2,000
The Indian government is considering reintroducing Merchant Discount Rate (MDR) for UPI transactions made to large merchants, specifically those exceeding ₹2,000. This move, part of proposed amendments to the Payment and Settlement Systems Act, aims to help banks and fintech firms recover technology and infrastructure investments in the digital payments ecosystem.
New LaunchBreakingUPI Transaction Fees: Merchant Discount Rate (MDR) Debate Reignites
After nearly six years of zero-cost transactions, the debate around introducing Merchant Discount Rate (MDR) for UPI payments is back on the table. This could potentially impact transaction costs for merchants and, indirectly, consumers.
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