The zero MDR has affected the PoS business: Worldline's Deepak Chandnani

In-store shopping saw a slowdown due to the pandemic, but change is around the corner. And the ubiquitous point-of-sale (PoS) machine will be back in focus. The Paris-headquartered Worldline acquired Ingenico in a $8.6-billion deal in October last year, making it Europe’s largest (and the world’s fourth-biggest) merchant acquirer and payment processor. India has some 5.2 million PoS units, but a country of our size needs more, DEEPAK CHANDNANI, managing director, Worldline (South Asia and the Middle East), tells Raghu Mohan. Edited excerpts:

How has the zero merchant discount rate (MDR) at point-of-sale played out? 

Across the world, in the