Page 3 - Merchant Discount Rate Mdr
The zero MDR has affected the PoS business: Worldline's Deepak Chandnani
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
 "The zero MDR has affected the PoS business: Worldline's Deepak Chandnani")
Payments problem
Removal of MDR will affect innovation in fintech
 "Payments problem")
MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions
Finance Minister Nirmala Sitharaman last month said no Merchant Discount Rate (MDR) charges will be applicable on transactions through homegrown RuPay and UPI platforms
 "MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions")
Doing away with charge levied on merchants may hurt PoS machines deployment
The Budget proposed that businesses with annual turnover of more than Rs 50 crore shall offer low-cost digital modes of payment to their customers
 "Doing away with charge levied on merchants may hurt PoS machines deployment")
MDR waiver to boost UPI payments, may hit earnings of banks, PoS providers
But the move will hit the earnings of banks and PoS providers
 "MDR waiver to boost UPI payments, may hit earnings of banks, PoS providers")
Govt to bear debit card charges on digital transactions of up to Rs 2,000
The outgo on account of reimbursement for MDR charges is estimated to be Rs 2,512 cr over the next two years
 "Govt to bear debit card charges on digital transactions of up to Rs 2,000")
A tightrope walk
The merchant discount rate needs to be carefully balanced
