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MERCHANT DISCOUNT RATE
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- Costly raw materials weigh heavy on D2C luggage companiesNew-age luggage startups like Mokobara, Nasher Miles, and Uppercase face financial strain as raw material costs surge 35-50% due to the Wes...
- UPI processes 218.6 billion transactions till February in FY26; value at Rs 285 lakh croreJanuary recorded the highest volume with 21.7 billion transactions, followed by December and October with 21.6 billion and 20.7 billion tra...
- No merchant discount rate on UPI transactionsThe finance ministry has firmly stated its commitment to promoting digital payments through UPI, clarifying that there will be no merchant ...
- The tiered system RBI should consider for merchant discount rate charges on digital paymentsOverall, it seems as if a tussle is brewing between India’s monetary and fiscal authorities. However, to objectively evaluate this debate o...
- Remove withdrawal restrictions on basic savings bank deposit accounts for digital payments: ReportOn the withdrawal restrictions on BSBD or zero-balance accounts, the report said "in the current phase of digital payments, RBI has to devi...
- VISA criticizes government's zero Merchant Discount Rates movePayments companies and banks that ET has spoken with said that no clarification has been issued by the centre yet on the implementation of ...
- What is Merchant Discount Rate?MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments.
- Govt caps debit card fee on bills of Rs 2k at 0.4% for Q1The government has decided to cap the fees banks receive on debit cards to 0.40% on transactions below Rs 2,000 as against 0.90% announced ...
- Merchant discount rate cut will push more merchants to go digital: PaytmThis move could get small merchants who were keeping away from digital payments because of the cost involved to finally start accepting pay...
- Merchant Discount Rates to impact Digital India, government in talks with RBIThe Reserve Bank on December 6 revised the MDR for debit card transactions at large format retail stores from 0.5 per cent per transaction ...
- Niti Aayog pushes for lower merchant discount ratesNiti Aayog has clearly stated that it does not support any charge on transactions made using the Aadhaar-enabled payment system.
- Government mulls reducing MDR charges on card paymentsThe 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 ...
- RBI seeks to cut card fees for small merchantsThe existing MDR is capped at 0.75% for transactions up to Rs 2,000 and 1% for over Rs 2,000. However, there is no RBI cap on MDR on credit...
- RBI to lower charges on debit card transactions of up to Rs 2,000RBI also instructed banks as well as prepaid payments instrument companies to not levy any charge on customers for transactions upto Rs 1,0...
- ET in the classroom: Merchant discount rateIt is the invisible charge that consumers pay to banks in establishments that accept payment cards. It is invisible because the payment is ...
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