The payments industry body has requested Prime Minister Narendra Modi to implement a Merchant Discount Rate (MDR) on UPI and ...

To promote this payment ecosystem, PM Narendra Modi-led Centre has approved a ₹1,500 crore incentive scheme for FY25 for ...

MDR refers to a fee that merchants pay banks or companies (fintech) processing payments for executing a transaction ...

Financial sustainability concerns in India's digital payments ecosystem due to Zero MDR policy, proposed MDR for RuPay and UPI.

In a letter written to the PMO earlier today, the Payments Council of India said that more than 90% of merchants are small, ...

The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in ...

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In a significant move to advance India's digital payment ecosystem, the Union Cabinet has approved a Rs 1,500 crore incentive ...

The endorsement follows the Payments Council of India’s (PCI) recent warnings that the absence of MDR on UPI and RuPay ...

PM Narendra Modi-led Centre has approved a ₹1,500 crore incentive scheme for FY25 to promote low-value BHIM-UPI (P2M) ...

Payments Council urges PM to reconsider zero MDR policy for UPI and RuPay transactions, calling for sustainable digital ...