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Banks and NPCI agree to have 2% MDR for RuPay credit cards

By Puja Sharma

July 28, 2022

  • Credit Card
  • digital payment
  • Fintech news

Among the 2% merchant discount rate (MDR) charge, 1.5% will go to the issuing bank, and the rest will be shared between RuPay and the acquiring entity. Credit cards are about to be linked to UPI by the NPCI and banks, according to the reports. The NPCI and banks have come to a consensus on the […]

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