The RBI’s decision to link UPI with credit cards will be a tightrope walk. While the move will bring a share of the MDR revenue to the UPI ecosystem and cheer banks, the same needs to be kept low so that merchants do not deboard. But a low MDR will also mean a gradual decline in credit-card reward points.
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Enjoying free air tickets, lounge? Credit card-UPI linking has a doomy message for reward points.
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Enjoying free air tickets, lounge? Credit card-UPI linking has a doomy message for reward points.
The RBI’s decision to link UPI with credit cards will be a tightrope walk. While the move will bring a share of the MDR revenue to the UPI ecosystem and cheer banks, the same needs to be kept low so that merchants do not deboard. But a low MDR will also mean a gradual decline in credit-card reward points.
Source link
Disclaimer
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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