MERCHANT DISCOUNT RATE
What is Merchant Discount Rate?
MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments.
Zero merchant fee is a force multiplier for digital payments: Paytm's Vijay Shekhar Sharma
Paytm is eyeing multiple ways to expand products a...
Merchant discount rate cut will push more merchants to go digital: Paytm
This move could get small merchants who were keeping away from digit...
SBI, NPCI seek ‘Visa power’ for RuPay cards
Zero MDR would disincentivise banks to issue RuPay cards and they would prefer its rivals, SBI has said.
Flipkart asks merchants to bear 60% of discounting
Online marketplaces like Flipkart and Amazon say they do not influence pricing on their platforms since the government’s rules do not allow them to do so.
Merchant Discount Rates to impact Digital India, government in talks with RBI
The Reserve Bank on December 6 revised the MDR for debit card transactions at large format retail stores from 0.5 per cent per transaction to 0.9 per cent (not exceeding Rs 1,000).
Five equity mutual funds primed for alpha from FM's tax stimulus
The cut in corporate tax rate should boost earnings across companies resulting in improved earnings per share.
Niti Aayog pushes for lower merchant discount rates
Niti Aayog has clearly stated that it does not support any charge on transactions made using the Aadhaar-enabled payment system.
No MDR charges applicable on payment via RuPay, UPI from Jan 1: Sitharaman
To promote digital payments, FM said no MDR charges will be applicable on these transactions from Jan 1.
Govt caps debit card fee on bills of Rs 2k at 0.4% for Q1
The government has decided to cap the fees banks receive on debit cards to 0.40% on transactions below Rs 2,000 as against 0.90% announced by the RBI.
Retailers hail government move to subsidise MDR
Govt will reimburse to the banks for two years the MDR on transactions made through debit cards, BHIM or Aadhaar-enabled payment systems for value of up to Rs 2,000.
RBI defends hike in minimum MDR charges
Small shopkeepers complain that the Rs 20 lakh turnover limit is too small, which means many of them they pay charges equivalent to large retailers.
SBI waives MDR for small merchants
SBI's move is primarily targeted towards smaller merchants who have not yet experienced the convenience of Card Payments.
Axis Bank eyes bigger credit card pie, eyes 1 million new sales
The new co-branded card comes weeks after American lender Citi launched a similar offering by tying up with payments major Paytm.
One nation, under code: How India leads the way in the interoperability of QR code for payments
Since India has a smartphone base of 300 mn with 20 mn customers getting added each month, QR code-based payments can cost-effectively expand the digital footprint.
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