Payment cos want merchant discount rate back; go to PM

Blitz BureauThe Payment Council of India has submitted a letter to the Prime Minister requesting an urgent reconsideration of the Zero Merchant Discount Rate (MDR) policy for Unified Payments Interface (UPI) and RuPay debit card transactions, according to a report in moneycontrol.com The letter comes amidst the lower MDR subsidy that the Government announced for…

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