Govt to bear MDR cost for online payments of up to Rs 2,000

In an effort to boost digital payments in India, the government has decided to bear the merchant discount rate (MDR) charges for transactions up to Rs 2,000 made through debit cards, BHIMUPI or Aadhaar Pay for two years. The decision will be effective from January 1, when the Reserve Bank of India´s (RBI´s) revised guidelines […]

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