Paytm shares declined following the Finance Ministry's denial of Merchant Discount Rate (MDR) on UPI transactions. This sparked investor co...

Merchant Discount Rate (MDR) is the fee charged by banks to merchants for providing digital payment services. Currently, RuPay debit cards ...

Launching a report titled ‘How Urban India Pays’, CEO Vikas Bansal said the ecommerce major is focused on simplifying the customer journey ...

According to a survey by Local Circles, 7 out of 10 UPI users would stop using the app if transaction fees were imposed. Fintech companies ...

Banks and digital payments providers have met with officials of the finance and information technology ministries, seeking a ‘flat, slab-ba...

MDR was a fee accrued by banks, generally levied from merchants processing the transactions. It was shared equally between the acquiring ba...

From the growth of UPI payments, it’s clear more users are embracing this instrument. But with a billion transactions a month being recorde...

After a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactions, which would have meant significant r...

At the centre of this demand is Delhi’s decision to remove the MDR for all digital transactions.

Volume of transactions on mobile wallets down to 334 million in June against 393 million in December, according to latest RBI data.

In the RBI's vision document for 2021, the central bank said it would consider shifting from transaction value-based pricing slabs to a fix...

The new levies will be applicable for paying bills or school fees and buying tickets.

MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments.

RBI has split the amount of MDR, fee that shop keepers charge customers, into two – for merchants with turn-over of less than Rs 20L & the ...

Niti Aayog has clearly stated that it does not support any charge on transactions made using the Aadhaar-enabled payment system.

While banks are likely to bear the maximum brunt of lowered rates, the impact will also ripple over to the rest of the ecosystem.

The proposal is in line with the govt's push to boost digital transactions as part of efforts to shift to a cashless economy after note ban.