0.4% MDR on Payments Above ₹2,000 Key for Long-Term Digital Growth and Tech Infrastructure:
The Reserve Bank of India (RBI) on Tuesday issued a definitive clarification regarding the introduction of a 0.4 percent Merchant Discount Rate (MDR) on high-value digital transactions above ₹2,000, emphasizing that the measure is vital to secure the long-term financial sustainability and technological durability of the Unified Payments Interface (UPI). Taking to its official handle … Read more