Payments Council Rules Out Consumer MDR
· inc42.com
Centre is expected to levy an MDR of 0.25% to 0.4% on business UPI transactions above ₹2,000, while person-to-person (P2P) UPI payments are expected to remain exempt
PhonePe, Razorpay and Pine Labs backed a merchant-only MDR framework, arguing it is necessary to fund investments in payments infrastructure, security, and inno...