Tagged: mdr

Banks and Digital Payments Providers in India Ask Government to Bring Back Merchant Discount Rate on RuPay and UPI Transactions

January 11, 2021 @ 10:23 pm By Omar Faridi |

Banking institutions and online payments providers in India have asked the nation’s government to bring back the Merchant Discount Rate (MDR) on RuPay, which is an international card payment service launched by the National Payments Corporation of India. Digital payments providers in the country also… Read More

India’s Leading Fintech Firm Paytm to Target 25 Million Retailers via Consolidated QR Payments Solution

January 9, 2020 @ 12:06 am By Omar Faridi |

The Indian government recently confirmed that online transactions performed using RuPay credit cards or UPI QR codes won’t face the Merchant Discount Rate (MDR). Now, the nation’s leading Fintech firm Paytm has introduced a consolidated QR payment for local retailers. The “All-in-One” QR will allow… Read More

Read more in: Fintech, Asia | Tagged india, mdr, payments, paytm, vijay shekhar sharma