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MDR
Mobikwik gets RBI nod for offline payment aggregator licenceMobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. Th...- One soundbox soon for all payment apps as NPCI readies platformNPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multipl...
- Paytm shares climb 5% after Q4 results. Do Jefferies, Goldman Sachs and Bernstein see further upside?Paytm's parent company, One 97 Communications, reported a profit of Rs 184 crore for the fourth quarter. This led to a significant rally in...
- How inflation and RBI repo rates influence personal loan interest ratesInflation's rise impacts living costs, prompting the RBI to manage it via the repo rate. Changes in this rate directly affect personal loan...
- Haitong sees 26% upside in Paytm. Lists 4 reasons for buying the dipsHaitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside o...
- From Rs 20 chai transactions to Rs 285 lakh crore flows; UPI marks a decade of India's payments revolutionIn the last 10 years, UPI has registered a 12,000-fold surge in volume and over 4,000 times increase in value — that's 17.86 million transa...
- UPI processes 218.6 billion transactions till February in FY26; value at Rs 285 lakh croreJanuary recorded the highest volume with 21.7 billion transactions, followed by December and October with 21.6 billion and 20.7 billion tra...
- UPI, RuPay subsidy shrinks to Rs 8,000 crore over four yearsThe digital payments industry has received about Rs 8,000 crore in subsidy payments over four years for UPI and RuPay debit card payments, ...
- Paytm shares fall 10%: What is MDR and why fintech players want government to introduce it?Paytm shares declined following the Finance Ministry's denial of Merchant Discount Rate (MDR) on UPI transactions. This sparked investor co...
- Payments industry body urges PM Modi to introduce MDR on UPI for large merchants & RuPay debit cardsThe payments industry body has requested Prime Minister Narendra Modi to implement a Merchant Discount Rate (MDR) on UPI and RuPay debit ca...
- Payments council pings FM Nirmala Sitharaman to bring back RuPay MDRIn the letter, PCI has sought a “level playing field” for RuPay “to compete with its peers to attain its full potential”, especially when i...
- Digital payment sector wants MDR to be backThe Payments Council of India (PCI), the industry body for the digital payments ecosystem in the country, has written to the government urg...
- Banks, Fintech Firms Seek Return Of MDR On RuPay, UPI TransactionsBanks and digital payments providers have met with officials of the finance and information technology ministries, seeking a ‘flat, slab-ba...
- NPCI slashes MDR for debit cardsAs per the latest notification, MDR has been revised to 0.60% for transaction above Rs. 2,000 with a maximum cap of Rs 150 per transaction....
- Retailers hail government move to subsidise MDRGovt will reimburse to the banks for two years the MDR on transactions made through debit cards, BHIM or Aadhaar-enabled payment systems fo...
- RBI rejigs MDR: Here's how much you will save on debit card transactions from 1.1.2018According to RBI, the revised MDR aims at achieving the twin objectives of increased usage of debit cards and ensuring sustainability of th...
- RBI to soon issue final guidelines on MDR chargesPending the final guidelines the existing norms for MDR (merchant discount rate) charges will continue beyond March 31.
- Government mulls reducing MDR charges on card paymentsThe existing MDR is capped at 0.75 per cent for transactions up to Rs 2,000 and 1 per cent for over Rs 2,000. However, there is no RBI cap ...
- Govt to foot debit card MDR charges on tax, dues payments to GoIThe agency banks who receive payments made to government of India will submit claims of applicable MDR charges to RBI periodically.
- Government to bear MDR on tax payments up to Rs 1 lakh via debit cardThe Reserve Bank of India will reimburse banks' claims of Merchant Discount Rate (MDR) charges on government receipt transactions through c...
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