Merchant Discount Rates (MDR) of 2 percent apply to transactions involving digital payments, such as credit cards and debit cards. However, UPI payments do...
NPCI's introduction of the interchange fee of up to 1.1 percent on merchant transactions using PPI goes against the government's prohibition of any fees...
National Payments Corporation of India, in a circular, announced that a fee of up to 1.1% will be applicable for UPI merchant transactions initiated using...
The Indian Banks’ Association (IBA) and payments industry bodies have met with officials from the Ministry of Finance and the Ministry of Electronics and...