Merchant Discount Rate
Latest news, explainers and analysis on Merchant Discount Rate. Tracking 2 stories on Arth Vani.
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Latest on Merchant Discount Rate
BreakingFinance Ministry to Consult Banks, Traders on New MDR Charges Over ₹2,000
The Ministry of Finance will meet with the Indian Banks Association and traders' organizations to discuss the new Merchant Discount Rate (MDR) levy. This levy applies to digital transactions exceeding ₹2,000, effective from October 15, and aims to address concerns and shield consumers from additional costs.
BreakingUPI Free for Users, But Merchant Fees Could Reshape Digital Payments
While Unified Payments Interface (UPI) transactions typically remain free for individual users, discussions around potential 'new Merchant Discount Rate' (MDR) policies for businesses could alter payment preferences. This report explains what MDR is and its possible impact on merchant adoption and the future balance between digital and cash payments in India.
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