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How credit card route to UPI may come at a price for merchants

Smaller merchants can be subsidised to make it work

Topics
Credit cards | UPI | RBI

Subrata Panda  |  Mumbai 



upi credit card link
In the monetary policy announcement last week, the RBI said it would allow the linking of RuPay credit cards to UPI, thereby introducing a credit payments facility on the interface

The Reserve Bank of India’s (RBI’s) recent decision to allow for payments through the (UPI) is likely to attract a merchant discount rate (MDR), said a top payment industry source. For smaller merchants, a subsidy for MDR could be provided.

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First Published: Mon, June 13 2022. 06:10 IST

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