UPI’s new MDR pot: 5% of collections to be used for bringing small merchants online
NPCI will introduce a dedicated fund from MDR proceeds for small merchants. This fund aims to expand digital payment infrastructure in smaller Indian cities. Eligible small merchants receiving under Rs 1 lakh monthly will remain exempt. The new framework sup…
The News Flicker
NPCI will introduce a dedicated fund from MDR proceeds for small merchants. This fund aims to expand digital payment infrastructure in smaller Indian cities. Eligible small merchants receiving under Rs 1 lakh monthly will remain exempt. The new framework sup…
The National Payments Corporation of India (NPCI) has proposed a dedicated fund financed from Merchant Discount Rate (MDR) collections to support small merchants and expand digital payment infrastruc…
Originally published by The Times of India. Read the full article →
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