This is likely to impact Business Payment Service Providers (BPSPs) that allow businesses to make card payments to non-card-accepting vendors and suppliers.
Merchant Discount Rates (MDR) of 2 percent apply to transactions involving digital payments, such as credit cards and debit cards. However, UPI payments do...
The RBI guidelines that Mastercard failed to comply with, state that customer data, payment sensitive data, and transaction data have to be stored in...