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Discussions are underway to impose MDR on the basis of transaction value instead of merchant turnover
A meeting was held last week involving the Prime Minister’s Office, department of economic affairs, and department of financial services to revisit the MDR framework
The development comes months after various industry bodies sent proposals and letters to the government to reinstate MDR fee on UPI transactions
In an effort to boost operations of banks and payment…
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Discussions are underway to impose MDR on the basis of transaction value instead of merchant turnover
A meeting was held last week involving the Prime Minister’s Office, department of economic affairs, and department of financial services to revisit the MDR framework
The development comes months after various industry bodies sent proposals and letters to the government to reinstate MDR fee on UPI transactions
In an effort to boost operations of banks and payment…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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