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MSMEs MDR charges alert! Rs 600 crore - Paytm waives off all charges on merchant transactions
Tue, Dec 01, 2020
Digital financial services platform Paytm has announced waiver of all charges on merchant transactions.
How the government's MDR reimbursement decision impacts you
Sun, Dec 17, 2017
Read how the government's MDR reimbursement decision will impact customers and railway commuters.
Govt to bear MDR charges on small transactions for next 2 years
Fri, Dec 15, 2017
The RBI rationalised the framework of Merchant Discount Rate (MDR) into three category for debit cards transaction.
RBI rationalises framework for Merchant Discount Rate; details you need to know
Wed, Dec 06, 2017
Performance debit card transaction at point of sales (POS) terminal has seen major boost after the announcement of demonetisation drive.
Govt's digital payments push making banks suffer a loss of Rs 3,800 crore: SBI
Thu, Sep 28, 2017
The number of point of sale (PoS) terminals post demonetisation increased from 13.8 lakh in March, 2016 to 28.4 lakh in July, 2017.
RBI increases leverage of MDR on small debit cards
Fri, Mar 31, 2017
RBI increases levrage of MDR on small debit cards. Watch the full segment for more details.
Are RBI's efforts to reduce MDR charges on debit card transactions enough?
Tue, Feb 21, 2017
The Reserve Bank of India (RBI) has issued a draft circular aiming at rationalising Merchant Discount Rate (MDR) on debit card transactions.
RBI to reimburse banks MDR charges effective January 1
Thu, Feb 16, 2017
The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the government's move to further digital solutions.
Customers won't have to pay MDR charges at petrol pumps, Oil Minister Dharmendra Pradhan says
Mon, Jan 09, 2017
Pradhan said that Oil companies and banks discussing who is to bear MDR charges, adding, "Petrol pumps will continue to accept card payments post January 13."
Why small businesses are not willing to go digital
Tue, Dec 20, 2016
The cost of going digital for small businesses, SMEs and MSMEs are borderline prohibitive. This is the reason why even as the Government is giving incentives for businesses to go digital, some small players are skeptical.
RBI lowers MDR charges for up to Rs 2,000 payments via debit card
Sat, Dec 17, 2016
To encourage digital transactions, the Reserve Bank of India (RBI) on Friday decided to slash MDR charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from January 1 to March 31.
Demonetisation: SBI waives merchant discount rate on Master, Visa debit cards
Fri, Nov 25, 2016
State Bank of India (SBI) on Thursday said it has waived merchant discount rate (MDR) on Master and Visa debit cards, having already done so on RuPay debit cards last week to promote digital payments.