DevInc42about 2 hours ago
India Proposes 40 Bps MDR on Select UPI Transactions
3 min read
The Indian government may set a 40 basis point merchant discount rate on select UPI transactions, with issuing banks receiving 40% of the fee. Third-party apps like PhonePe and Paytm, along with acquiring banks, would each receive 30% of the MDR.
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