World & BusinessProposed 0.4% UPI MDR and its first-year recovery estimate
The Economic Times reports that the NPCI chief says the proposed rate could recover Rs 15,000 crore in its first year.
TLDR
A proposed 0.4% merchant discount rate (MDR) for UPI could recover Rs 15,000 crore in the first year, according to the NPCI chief, as reported by The Economic Times.
Proposed 0.4% UPI MDR and its first-year recovery estimate
The Economic Times reports that the NPCI chief says the proposed rate could recover Rs 15,000 crore in its first year.
TLDR
A proposed 0.4% merchant discount rate (MDR) for UPI could recover Rs 15,000 crore in the first year, according to the NPCI chief, as reported by The Economic Times.