MDR

MDR stands for Merchant Discount Rate, a fee charged to merchants by banks for processing payments made through credit/debit cards and other digital payment methods.

Why it’s in the news: It is in the news due to a government proposal to impose MDR on UPI transactions, which has sparked debate and reassurances from the Finance Minister that it will not be applied to peer-to-peer (P2P) payments.

Latest on MDR

• PayU CEO on MDR; Qcomm’s festive hiring
• Parliament Clears Taxation Bill; FM Re-assures No MDR On P2P UPI Payments
• Ola’s PLI woes; Paytm rides MDR hopes
• Payments Council Rules Out Consumer MDR; PhonePe & Razorpay Back Free UPI
• MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh
• Lok Sabha Passes Taxation Laws Amendment Bill, Clearing Path To Levy MDR On UPI Payments

Connections

14 entities linked to MDR across the news graph.