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Merchant Discount Rate News

Accepting Payments Via RuPay Debit Cards To Get Cheaper For Merchants

On Friday, the National Payments Corporation of India (NPCI) said that it has rationalized merchant discount rate (MDR) for RuPay debit card transactions with effect from 20 October 2019. The rationalisation has been done across point of sale (PoS), eCom and ...

What is Merchant Discount Rate or MDR?

To put it plainly, MDR or Merchant Discount Rate is the rate charged by a bank to the merchant for providing debit or credit card services. You must have observed the name of a bank on the POS machine (card swiping ...

RBI To Cap MDR On Absolute Terms To Boost Debit Card Payments

In its MPC meet today, apart from the other big moves as keeping the rep rate unchanged at 6%, the cap for the merchant discount rate shall be advised. The directive apart from giving a fillip to the debit card ...