Government and RBI Introduce 40 Basis Point MDR on UPI Transactions Above Rs 2,000 for Large Merchants:
The landscape of digital payments in India is set for a structural transformation as authorities prepare to implement a 40 basis point (0.40 percent) Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions. Operating entirely on a zero-charge model since January 2020, UPI revolutionized retail commerce across the country. However, the anticipated regulatory shift … Read more