Payment companies weigh ways to recoup MDR losses

These companies have urged the Centre to nudge banks to compensate “a minimum of 0.25% of the transaction amount for all the UPI and RuPay, Person to Merchant (P2M) transactions” for sustained service and ecosystem expansion in the absence of any clear revenue model.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TGcQXB