Payments body writes to PM Modi, seeks MDR on UPI for large merchants and RuPay debit cards – The Times of India
MUMBAI: The Payments Council of India (PCI) which represents digital payments companies has written to Prime Minister Narendra Modi, seeking introduction of merchant discount rate (MDR) on UPI transactions and RuPay debit cards. The industry body has sought an MDR of 0.3% on UPI transactions only for large merchants and a nominal MDR on RuPay…
