New Delhi: In a major push towards making India a less-cash economy, the union cabinet on Friday decided to bear the merchant discount rate (MDR) applicable on digital payments via debit cards, etc., ...
From January 1 next year, you will not be charged fees on debit card transactions up to Rs 2,000 for at least two years. In an effort to boost digital payments, the Union Cabinet has decided to waive ...
For all transactions less than Rs 2,000 in value, consumers and merchants will not suffer any additional burden in the form of MDR. In a bid to give a boost to digital transactions in the country, the ...
NEW DELHI:To promote digital transactions the Union Cabinet today decided that the transaction charges or Merchant Discount Rate MDR for using debit cards BHIM UPI and Aadhaarenabled payments up to Rs ...
Mumbai, Dec 16 : To encourage digital transactions, the Reserve Bank today decided to slash MDR charges on payments made through debit cards and do away with levies on small transactions through ...
New Delhi, Dec 15 (PTI) The government will bear the MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promote digital transactions, ...
In order to encourage small shops to accept digital payments, the government has decided to bear the charges merchants pay to banks aka the merchant discount rate (MDR), on purchases of up to $31(INR ...
The Merchant Discount Rate (MDR) for debit card payments, including for payments made to government, will be capped at 0.25% for transactions up to Rs 1,000 and 0.5% between Rs 1,000-2,000, RBI said ...
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