Digital payments firms detail zero MDR impact to FinMin
Industry yet to receive any assurance from govt regarding rollback on the decision to cut all charges for digital pay
No one saw zero MDR for digital payments coming
In the RBI's vision document for 2021, the central bank said it would consider shifting from ...
VISA criticizes government's zero Merchant Discount Rates move
Payments companies and banks that ET has spoken with said that no clarificatio...
View: Abolishing MDR charges is not a great idea
To do away with MDR altogether is to cut the purse-strings which fund both existing activities and the impetus for future innovation.
Digital payment firms wait for new finance secretary to discuss MDR
With Garg on his way out, discussions on the MDR proposal in the budget may need to be restarted.
Shell out MDR charges on Paytm transactions from today
The new levies will be applicable for paying bills or school fees and buying tickets.
Digital payment companies seek compensation from govt for losses due to zero merchant fee
In letters to finmin, MeitY and RBI, industry body has sought compensation for any losses that could arise.
Zero merchant fee is a force multiplier for digital payments: Paytm's Vijay Shekhar Sharma
Paytm is eyeing multiple ways to expand products and start making money off users including tapping gaming, content, commerce and wealth management, said founder Vijay Shekhar Sharma.
Retailers hail government move to subsidise MDR
Govt will reimburse to the banks for two years the MDR on transactions made through debit cards, BHIM or Aadhaar-enabled payment systems for value of up to Rs 2,000.
Lower MDR will kill the digital payments industry: Banks
While banks are likely to bear the maximum brunt of lowered rates, the impact will also ripple over to the rest of the ecosystem.
Who will foot bill of digital pay, industry wants to know
One of the major industry segments that could get affected by the move is companies which help banks process card transactions and manage the merchant relationships.
FASTag, mobility cards big focus for us this year: NPCI COO
Praveena Rai says it's a year for transit and FASTag is going to be a big focus for NPCI.
QR Codes help payment firms up offline play
Out of the transactions seen on the BharatPe platform, PhonePe had over 54% share in UPI transactions, while Google Pay had 30% and Paytm 12% in June.
Budget analysis: The good, the bad and the ugly of Sitharaman's budget
Here is a look at the good and the not-so-good sides of Nirmala Sitharaman's maiden budget.
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