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Paytm will now cut 1% from every transaction (GST included) for payments merchants accept into their Paytm Wallet. Previously, the company would cut around...
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Paytm will now cut 1% from every transaction (GST included) for payments merchants accept into their Paytm Wallet. Previously, the company would cut around...
Over the last month, NPCI has slashed merchant discount rates (MDR) for merchant transactions using BHIM UPI and RuPay Debit Card to encourage adoption...
Five representatives from the digital payment industry reportedly met the officials of the Finance ministry last week and discussed challenges on the removal of merchant...
The Payments Council of India has raised concerns over the budget proposal to levy zero MDR (merchant discount rate) on merchants, saying it will...
In an attempt to reduce its burn rate and turn a profit, Paytm will begin passing on the merchant discount rate – the fee...
Update, 25 March: Pallav Narang, Partner at CNK RK, told MediaNama, “The RBI has merely said that it has not provided a separate authorization...
The Payments Council of India (PCI) has said that banks are yet to reimburse the Merchant Discount Rate (MDR) to payment companies, despite having...
The Business Standard reports that banks are not paying payment companies their due of government-subsidized Merchant Discount Rate revenue (MDR). The report cites multiple banks...
