Merchant Discount Rate Mdr
RuPay credit card UPI to succeed if small transactions under 10%: Asbe
'RuPay credit card UPI to see good traction if small merchant transaction stays within 10%'
 "RuPay credit card UPI to succeed if small transactions under 10%: Asbe")
State funds to popularise digital payment appropriated by banks: PCI chief
Payment aggregators have received nothing, says Vishwas Patel as RBI discussion paper starts debate
 "State funds to popularise digital payment appropriated by banks: PCI chief")
UPI charges may partially offset loss on credit card MDR: RBI paper
UPI charges may partially offset loss on credit card MDR
 "UPI charges may partially offset loss on credit card MDR: RBI paper")
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
 "Explained: How 2% MDR on RuPay-UPI may affect credit card industry")
Merchant discount rate on UPI-RuPay credit cards likely to be 2%
NPCI set to seek RBI nod for scheme; free swipes at smaller outlets
 "Merchant discount rate on UPI-RuPay credit cards likely to be 2%")
How credit card route to UPI may come at a price for merchants
Smaller merchants can be subsidised to make it work
 "How credit card route to UPI may come at a price for merchants")
Govt to refund MDR losses to banks on digital payments for FY23
Payment companies like Visa and Mastercard have been seeking a level playing field with RuPay, claiming the government is favouring the latter
 "Govt to refund MDR losses to banks on digital payments for FY23")
Reserve Bank may rationalise some payment charges, says industry
Others say central bank may relook zero merchant discount rate on RuPay, UPI
 "Reserve Bank may rationalise some payment charges, says industry")
Government may compensate banks for loss of MDR, says IT secretary
The move is part of the Budget proposal, where the government has earmarked Rs 1,500 crore for the promotion of digital payments this fiscal
 "Government may compensate banks for loss of MDR, says IT secretary")
The zero MDR has affected the PoS business: Worldline's Deepak Chandnani
India has some 5.2 million PoS units, but a country of our size needs more, DEEPAK CHANDNANI, managing director, Worldline (South Asia and the Middle East), tells Raghu Mohan
 "The zero MDR has affected the PoS business: Worldline's Deepak Chandnani")
Payments problem
Removal of MDR will affect innovation in fintech
MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions
Finance Minister Nirmala Sitharaman last month said no Merchant Discount Rate (MDR) charges will be applicable on transactions through homegrown RuPay and UPI platforms
 "MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions")
Doing away with charge levied on merchants may hurt PoS machines deployment
The Budget proposed that businesses with annual turnover of more than Rs 50 crore shall offer low-cost digital modes of payment to their customers
 "Doing away with charge levied on merchants may hurt PoS machines deployment")
MDR waiver to boost UPI payments, may hit earnings of banks, PoS providers
But the move will hit the earnings of banks and PoS providers
 "MDR waiver to boost UPI payments, may hit earnings of banks, PoS providers")
Govt to bear debit card charges on digital transactions of up to Rs 2,000
The outgo on account of reimbursement for MDR charges is estimated to be Rs 2,512 cr over the next two years
 "Govt to bear debit card charges on digital transactions of up to Rs 2,000")
A tightrope walk
The merchant discount rate needs to be carefully balanced
