Payments Council Seeks MDR On UPI, RuPay Transacti...

India's Payments Council is pushing for merchant discount rates (MDR) on UPI and RuPay transactions, aiming to recover costs and sustain the payment ecosystem. This proposal counters the government's zero-MDR policy, implemented in 2019 to promote digital payments. Stakeholders argue that without MDR, payment providers struggle to invest in infrastructure and security.

The move has sparked debate, with the government concerned about potential negative impacts on small merchants and consumers. The council suggests a tiered MDR structure, with lower rates for smaller transactions.

Key figures involved in this discussion include the Payments Council of India, the Reserve Bank of India, and the Ministry of Finance. The final decision on MDR implementation rests with the government.

Видео Payments Council Seeks MDR On UPI, RuPay Transacti... канала NewsTok - Global News in Short-Form Videos!