MDR on UPI: How are charges calculated per transaction?
The NCPI circular states that the new charge would be applicable only for person-to-merchant UPI transactions. The National Payments Corporation of India (NCPI) has introduced a Merchant Discount Rate (MDR) of 0.4% that merchants will have to pay to banks and payment processors on UPI transactions over ₹2,000. The NCPI circular, issued on September 15,…
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