Govt to bear MDR charges on small transactions for next 2 years
Union cabinet on Friday decided to reimburse the Merchant Discount Rate (MDR) applicable on transactions worth Rs 2,000.
About the government decision, an ANI tweet said, "Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ AePS transactions up to and including a value of Rs 2000 to be borne by Government for 2 years with effect from 1 January, 2018 by reimbursing same to the banks, decides Union Cabinet"
Read full: Govt to bear MDR charges on small transactions for next 2 years
A big push for digital transactions, hopefully now all merchants will use & understand the benefits.
Union cabinet on Friday decided to reimburse the Merchant Discount Rate (MDR) applicable on transactions worth Rs 2,000.
About the government decision, an ANI tweet said, "Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ AePS transactions up to and including a value of Rs 2000 to be borne by Government for 2 years with effect from 1 January, 2018 by reimbursing same to the banks, decides Union Cabinet"
Read full: Govt to bear MDR charges on small transactions for next 2 years
A big push for digital transactions, hopefully now all merchants will use & understand the benefits.
