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Latest News on Mdr Charges
Showing of 0 - 10 from 5 results
Mdr Charges - Total results - 5
Jul 09, 2019
Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industryAbolishing merchant discount rate (MDR) to facilitate digital transaction in the country will dry up foreign capital investment besides leaving the sector without sources of revenue generation, the Payments Council of India (PCI) said on Tuesday
Mar 04, 2019
Unauthorised surcharging, high MDR charges impeding online payment system, says studyThe study done by Ashish Das, a professor of statistics, highlighted that unauthorised surcharging has also burdened the payment system users with huge additional costs.
Dec 08, 2017
RBI's MDR rationalisation may discourage retailers, undermine digitisation efforts, say expertsIf the RBI ensures equitable distribution of MDR margins between all parties, then the acquirers will have enough resources to deploy the expensive POS terminals across all establishments in the country and thus help grow digital transactions
Feb 16, 2017
RBI to reimburse banks MDR charges effective 1 January"In order to operationalise the (government's direction), the Reserve Bank will reimburse banks MDR on debit cards used for payment of tax and non-tax dues to the government of India with effect from January 1, 2017," the central bank said in a notification.
Dec 16, 2016
RBI lowers MDR charges for up to Rs 2,000 payments via debit cardThe Merchant Discount Rate (MDR) for debit card payments, including for payments made to government, will be capped at 0.25 per cent for transactions up to Rs 1,000 and 0.5 per cent between Rs 1,000-2,000, RBI said in a notification.