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MDR waiver to hit fintechs, payments companies' business model

Industry fears the move to drag the growth of digital payments

Topics
MDR | UPI transactions | digital payment wallet

Samreen Ahmad  |  Bengaluru 



E-payments, UPI

Raising strong concerns over the government’s move to scrap merchant discount rate (MDR) charges on the transactions done via UPI and RuPay payment systems, the Payments Council of India (PCI) has said the move will have a catastrophic effect on payments companies and make their business model unviable.

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First Published: Mon, December 30 2019. 23:33 IST

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