Zero merchant discount rate (MDR): Peer-to-merchant (P2M) volumes more than debit cards

UPI had been known more for running up high volumes in peer-to-peer (P2P) payments with the P2M piece accounting for 20-30%. That seems to have changed with social distancing norms and lockdowns across the country compelling a chunk of people to make payments digitally.

from Banking & Finance – The Financial Express https://ift.tt/3qMLFHx