India ends free ride for larger transactions on its ubiquitous digital payments network
India will impose a 0.4% merchant fee on certain payments made through UPI starting October 15.
Brief by WorldPing · Original reporting by TechCrunch
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India will impose a 0.4% merchant fee on certain payments made through UPI starting October 15.
Brief by WorldPing · Original reporting by TechCrunch
Merchant Discount Rate (MDR) is essentially a fee that a merchant incurs when accepting payments for goods or services through credit or debit cards. It is important to note that person-to-person transactions will continue to be free with no MDR applicable.
Brief by WorldPing · Original reporting by Times of India
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