Merchant Discount Rate (MDR) is the fee merchants pay to banks and payment service providers for processing digital ...

The move marks the first major policy shift since January 2020, when the government barred banks and payment service ...

Under the agreement, Unibanca will enhance its credit issuing infrastructure with Euronet's CoreCard platform, enabling faster product configuration, greater operational flexibility and the ability to ...

Louisiana bans debit card surcharges, joining other states as consumers gain stronger protections against surprise checkout ...

Since January 2020, the government has prohibited banks and payment service providers from charging MDR on UPI and RuPay debit card transactions to encourage digital payments ...

Industry participants expect that if MDR is re-introduced, it is likely to be limited to large merchants, commerce-related ...

The government has proposed amending Section 10A of the Payment and Settlement Systems Act, 2007. At present, the law bars ...

The social media app has partnered with Cross River to manage tasks such as compliance and deposit insurance. But fintech ...

The survey found that 53% of respondents would move away from UPI for transactions above ₹3,000 if an MDR is imposed on large merchants.

The merchant discount rate (MDR) on UPI transactions could range between 25 and 30 basis points. The discussions are still ...

Ayo Sotinrin: we can't finance every farmer, but we can fix the system constraining agriculture Seeks to reduce loan defaults through aggregators, insurance, AI-powered monitoring, others ...

A few years ago, buying a daily cup of coffee or paying for household essentials with Bitcoin was a cumbersome process ...