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Latest News on Merchant Discount Rates
Showing of 0 - 10 from 4 results
Merchant Discount Rates - Total results - 4
Dec 14, 2017
Govt to discuss MDR rate issue with RBI, says finance ministry officialThe government will hold deliberations with the Reserve Bank of India (RBI) to work out a mechanism for bringing down merchant discount rates (MDR) which have increased from 0.25 percent of transaction value to 0.90 percent recently, a finance ministry official said.
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
Dec 06, 2017
RBI changes MDR for debit card payments, widens ambit to include small merchants; here are new ratesRBI has tweaked the fee levels to widen the network of merchant establishments which will accept the card payments and also to incentivise banks to invest more into cash-less or less-cash payment systems
Jan 10, 2017
Banks vs petrol pumps: Finally, India’s economy planners confront the complexities of digital moneyThe government’s e-payment drive is likely to face other hurdles as well.