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 ...
The government is considering a proposal to bring back merchant charges on Unified Payments Interface (UPI)-based ...
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 ...