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NPCI reduces merchant discount rates on RuPay debit cards

NPCI reduces merchant discount rates on RuPay debit cards. Revised MDR stands at 0.6% for transactions above Rs 2000. New MDR rates will be followed from October 20, 2019.  New MDR aims at creating a cost-effective value proposition for stakeholders. Earlier in August, NPCI rationalised MDR for BHIM-UPI transactions

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