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MDR COMPLIANCE MONITORING
UPI MDR from October 15: Govt plans daily monitoring to stop merchants passing 0.4% fee to customersThe government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed o...- Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choiceDespite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-...
- Opinion: The problem with a threshold-based MDRThe ongoing discussions around UPI pricing are shifting towards ensuring system financing while still promoting widespread adoption. Consum...
- Don't put a toll on UPI: Why merchant discount rate isn't the answerA proposal to introduce a merchant discount rate (MDR) on UPI transactions above ₹2,000 for businesses with annual turnover of ₹1-1.5 crore...
- RBI against government's proposal to dramatically lower charges on debit card transactionsThe banking regulator feels that Modi government's proposed move to push the Digital India story may end up making businesses unsustainable.
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