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Tag Archives: zero MDR on UPI small merchants

‘Small MDR Won’t Dent UPI Volumes’: RBI Governor Dismisses Concerns Over Upcoming Digital Payment Fees

Addressing market concerns surrounding the impending rollout of a Merchant Discount Rate (MDR) on select unified payments, Reserve Bank of India (RBI) Governor Sanjay Malhotra made it clear that levying a modest fee will not derail India’s digital transaction boom. Speaking to reporters at the central bank headquarters in Mumbai …

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