Big relief to UPI users and merchants: Deadline for implementation of Merchant Discount Rate (MDR) likely to be extended, churning continues between industry and NPCI

A relief news is emerging on the digital payment front for crores of common consumers, online buyers and small shopkeepers across the country. Serious consideration is being given to extending the proposed deadline for imposing Merchant Discount Rate (MDR) or convenience fee on India's most popular digital payment medium 'Unified Payments Interface' (UPI). To make … Read more