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mdr charges News
Cashless Drive! Budget 2019 confirms government’s continuous focus on digital payments, says NCPI CEO Dilip Asbe
Fri, Jul 05, 2019
Asbe believes, in next 5 year, with RBI and government efforts, India could emerge as innovation hub for digital payments.
Indian Railways says no MDR charges for booking train ticket via debit card
Fri, Mar 02, 2018
MDR is referred as a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time a card is used for payments in their stores.
Retailers say higher MDR nearly doubles merchants' costs
Wed, Dec 13, 2017
Retailers are lamenting the RBI's upward revision of merchant discount rates (MDR), the rate merchants pay banks per card transaction, claiming it has nearly doubled their costs.
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.
HDFC Bank wants reasonable MDR charges on credit & debit card transactions
Tue, Jan 24, 2017
HDFC Bank on Tuesday pitched for reasonable merchant discount rate charges on credit and debit card transactions.
Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions
Mon, Jan 23, 2017
Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies, TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.