WHO CARES ABOUT MDR?
Feb 28, 2020
2 minutes
—M.G. Arun
SAUMYA KHANDELWAL/ GETTY IMAGES
The government’s recent effort to promote digital transactions—by making them cheaper for consumers—looks to have come at a cost to banks.
Effective January 1 this year, the government has waived the merchant discount rate (MDR)—a fee paid by merchants to banks for the infrastructure that allows them to accept digital payments—on transactions made using RuPay
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