Effective April 15, 2023, Visa has implemented a reduction in the permissible merchant surcharge to the lower of: (a) the merchant discount rate (MDR) for the applicable credit card or (b) 3%. The MDR ...
In a move to support banks and payment service providers in managing infrastructure and operational costs, the government is considering reintroducing the Merchant Discount Rate on all the Unified ...
The government is considering a proposal to bring back merchant charges on Unified Payments Interface (UPI)-based ...
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