Posted inIndia, South Asia

Waiver of merchant fee to boost digital payments in India

The Indian government’s move to waive merchant discount rate (MDR) charges for all debit card and digital transactions up to Rs 2,000 (US$31.22) is expected to boost cashless transactions. The government will reimburse the same amount to banks for a period of two years, starting January 1, 2018. The founder of digital payments group Paytm, […]

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