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...
A host of new features introduced by NPCI in the Unified Payments Interface (UPI) are now live, including pre-sanctioned credit lines, tap-and-pay mechanism, and...
The move can give consumers more flexibility in their payments, while also allowing merchants to benefit from the increased purchasing power of consumers without...