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MDR FOR LARGE MERCHANTS
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...
- 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...
- 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, ...
- NPCI counts on Bharat, Northeast to accelerate UPI adoptionAs the National Payments Corporation of India (NPCI) grapples with a moderation in growth of the Unified Payments Interface, it is turning ...
- 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...
- Paytm shares crash 10% as Finance Ministry dismisses MDR speculationPaytm share price plummeted by 10% following the Finance Ministry's denial of impending MDR charges on UPI payments, a fee banks charge mer...
- UPI payments above Rs 3,000 may attract charges: ReportMerchant Discount Rate (MDR) is the fee charged by banks to merchants for providing digital payment services. Currently, RuPay debit cards ...
- Indian authorities keen to charge merchants fees to bolster homegrown payments network, sources sayIndia's payments authority, central bank, and industry are urging the government to allow a fee on digital payments to large merchants via ...
- 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 body writes to PMO, seeks return of MDR on UPI for large merchants and RuPay debit cardsIn a letter written to the PMO earlier today, the Payments Council of India said that more than 90% of merchants are small, and hence will ...
- Industry expects around Rs 600 crore loss as government nixes RuPay subsidyThe digital payments industry faces a Rs 500-600 crore loss as the government withdraws RuPay debit card subsidies. Fintech firms seek MDR ...
- UPI incentive of Rs 1,500 crore 'insufficient' to sustain digital payment ecosystem: Payments Council of IndiaThe Payments Council of India has expressed concerns about the sustainability of the digital payments ecosystem due to the zero MDR policy ...
- To ease financial squeeze, fintechs mull seeking MDR restoration or higher subsidyThis comes in the background of the government allocating Rs 1,500 crore towards payment subsidy, while the industry was looking for Rs 5,5...
- ETtech Explainer: Government mulls bringing back MDR on UPI, RuPay for large merchants—what does it mean?Here’s a close look at the MDR’s journey over the years and what its reintroduction will mean for large merchants, banks and payment servic...
- Government weighs return of merchant charges on UPI, RuPayCurrently, there is no merchant discount rate (MDR) on UPI and RuPay debit card transactions processed through the National Payments Corpor...
- No MDR on RuPay,UPI payments will kill industry, warns industryThe move will apply to all companies with a turnover of Rs 50 crore or more. Merchant Discount Rate is the fee paid by a merchant to a bank...
- 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....
- Government to bear MDR charges on digital transactions up to Rs 2,000The merchant discount rate (MDR) will be borne by the government for two years with effect from January 1, 2018 by reimbursing the same to ...
- Government to discuss MDR rate issue with RBI: Finance Ministry officialAccording to a senior finance ministry official, the hike in charges would impact Digital India movement and there is a need to look into t...
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