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

Inditrade Capital's Group Chairman, Sudip Bandyopadhyay, highlights the UK-India FTA's potential benefits for various industries, overshado...

The Payments Council of India has expressed concerns about the sustainability of the digital payments ecosystem due to the zero MDR policy ...

The banking regulator's plan to charge fees for UPI transactions comes after complaints from several payment firms.

In December last year the regulator had said that it will release a discussion paper on various charges levied by banks and institutions fo...

MDR is a fee that a merchant is charged by their issuing bank for accepting payments from their customers via credit and debit cards.

"To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to p...

The prebudget meeting on Friday was necessitated after the government waived off MDR for merchants on digital payments made through RuPay d...

Finance Minister Nirmala Sitharaman on Saturday said that the zero MDR regime would kick in once the Department of Revenue issued a gazette...

The 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...

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 Reserve Bank on December 6 revised the MDR for debit card transactions at large format retail stores from 0.5 per cent per transaction ...

RBI data shows that volume of card payments at PoS terminals has grown over 100% since 2012 and value of such payments have risen by 65.5%.

This will help the railways reduce the cost incurred on window bookings of rail tickets and travellers in turn will get cheaper tickets, of...

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

But RBI is not very keen on giving up the regulation on Payment systems.

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.