RBI Governor Discusses Future Of Digital Payment Merchant Discount Rate
· rediff.com
RBI Governor Sanjay Malhotra stated it is 'premature' to discuss the implementation of Merchant Discount Rate (MDR) for digital payments, advising a 'wait-and-watch' approach. He emphasised that investment in public payment infrastructure is necessary and someone must bear the cost, whether through taxes or MDR. The government is currently working on amendments to relevant statutes, and the RBI is focused on strengthening this infrastructure.
RBI Governor Sanjay Malhotra has indicated that discussions surrounding the implementation of Merchant Discount Rate (MDR) for digital payments are currently "p...