MDR on UPI unlikely to trigger ‘large-scale’ increase in fees: World Bank’s Neelkanth Mishra
New Delhi, Oct 3: Allowing Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions would serve as an enabling provision and is unlikely to lead to a significant increase in charges because of intense competition in the payments ecosystem, said Neelkanth Mishra, Executive Direc…
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