Payment Bill rekindles MDR hopes for large-value UPI
Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintech firms recover technology and infrastructure investments. The government is considering reintroducing MDR for UPI tra…
Bengaluru: The government's proposed amendments to the Payment and Settlement Systems Act have revived hopes of the return of merchant discount rate (MDR) on select UPI transactions, with industry ex… [+1995 chars]