MDR Charges

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Explained: How 2% MDR on RuPay-UPI may affect credit card industry

According to analysts, SBI Card and Paytm stand to gain the most if RBI agrees to levy 2% merchant discount rate (MDR) on RuPay-based credit cards linked to UPI

Updated On: 27 Jul 2022 | 6:50 PM IST

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Top events today: Gen Rawat to take over as CDS, Railway fare hike, & more

Business Standard brings you top events that are lined up for Wednesday

Updated On: 01 Jan 2020 | 3:05 PM IST

FM's New Year gift: No MDR charges on RuPay, UPI payments from Jan 1

Department of Revenue (DoR) will soon notify RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate

Updated On: 28 Dec 2019 | 9:03 PM IST

Govt to reimburse MDR charges levied on digital payments upto Rs 2,000

The transactions need to made through debit cards, BHIM-UPI and Aadhaar Pay

Updated On: 15 Dec 2017 | 5:49 PM IST

RBI defends hike in minimum MDR charges, says all stakeholders consulted

Kanungo also said the new rate structure is beneficial to all concerned as it is simple and a single rate

Updated On: 13 Dec 2017 | 10:56 PM IST

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Govt mulls cut in MDR charges on card buys

Last week, RBI had drastically cut MDR charges on debit card payments from April 1

Updated On: 22 Feb 2017 | 12:56 AM IST