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ZERO MDR REGIME
Budget 2026: Payment facilitators may push for UPI subsidy hikeAs the government prepares for its next budget, payment system operators are calling for a decisive increase in subsidies for UPI merchant ...- 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 ...
- 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...
- Payment firms in a fix as UPI, RuPay incentives dry upIndustry is hopeful that eventually this will be scaled up, and a higher sum of money will be disbursed to banks which will eventually be p...
- Payments companies seek ‘assured’ share of sops to keep low-value UPI freePayment aggregators are pushing for a share of government subsidies allocated for UPI transactions to cover low-value transaction costs. Th...
- Bankers seek fee on RuPay debit card use"We have argued that MDR is essential and will foster sustainability and enable continued investments in cutting-edge technologies," the ba...
- Payments council pings FM Nirmala Sitharaman to bring back RuPay MDRIn the letter, PCI has sought a “level playing field” for RuPay “to compete with its peers to attain its full potential”, especially when i...
- NPCI sets 1.1% interchange fee on UPI payments via prepaid instruments, walletsThe National Payments Corporation of India has set the interchange fee at 1.1% for merchant transactions initiated using a Prepaid Payment ...
- Banks again fail to share subsidy with payments service cosA letter addressed by the NPCI steering committee to all member banks on January 16 had decided that lenders will have to share 0.15% incen...
- Digital payment sector wants MDR to be backThe Payments Council of India (PCI), the industry body for the digital payments ecosystem in the country, has written to the government urg...
- Budget 2021: Rs1,500 crore for digital payments industry to offset MDR lossesThe finance minister had in Budget 2019 waived off merchant discount rates (MDR) on UPI and RuPay transactions, to give a fillip to digital...
- Banks, Fintech Firms Seek Return Of MDR On RuPay, UPI TransactionsBanks and digital payments providers have met with officials of the finance and information technology ministries, seeking a ‘flat, slab-ba...
- E-payments industry counts the costs after zero MDR joltFrom the growth of UPI payments, it’s clear more users are embracing this instrument. But with a billion transactions a month being recorde...
- Without merchant fees, banks say they can’t reimburse payment companiesAt the centre of this demand is Delhi’s decision to remove the MDR for all digital transactions.
- Payment companies weigh ways to recoup MDR lossesThese companies have urged the Centre to nudge banks to compensate “a minimum of 0.25% of the transaction amount for all the UPI and RuPay,...
- Digital payment gains should be used to acquire merchants, says Nirmala SitharamanThe prebudget meeting on Friday was necessitated after the government waived off MDR for merchants on digital payments made through RuPay d...
- Zero MDR good, but govt reimbursements will help payment cos: Vijay Shekhar SharmaZero percent MDR with reimbursement would be an ideal move, says Vijay Shekar Sharma.
- Stakeholders believe, MDR waiver may hurt digital IndiaFinance Minister Nirmala Sitharaman on Saturday said that the zero MDR regime would kick in once the Department of Revenue issued a gazette...
- No one saw zero MDR for digital payments comingIn the RBI's vision document for 2021, the central bank said it would consider shifting from transaction value-based pricing slabs to a fix...
- 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.
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