Haitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside o...

In 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...

January recorded the highest volume with 21.7 billion transactions, followed by December and October with 21.6 billion and 20.7 billion tra...

The digital payments industry has received about Rs 8,000 crore in subsidy payments over four years for UPI and RuPay debit card payments, ...

The study done by the Indian Institute of Technology Bombay further suggested that there could be an upper ceiling of Rs 150 for a prescrib...

As 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....

According to a senior finance ministry official, the hike in charges would impact Digital India movement and there is a need to look into t...

According to RBI, the revised MDR aims at achieving the twin objectives of increased usage of debit cards and ensuring sustainability of th...

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 ...

Pending the final guidelines the existing norms for MDR (merchant discount rate) charges will continue beyond March 31.

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

Finance Minister Arun Jaitley told Parliament earlier this month that the RBI is working to reduce the MDR for debit card transactions abov...

The 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 ...

The agency banks who receive payments made to government of India will submit claims of applicable MDR charges to RBI periodically.

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

MDR rate for merchants was waived for the first two months of demonetisation.MDR rates were capped from January 1 to March 31, 2017 by the ...

The Reserve Bank of India will reimburse banks' claims of Merchant Discount Rate (MDR) charges on government receipt transactions through c...