What is UPI MDR) and Why Is It Being Introduced?
What is UPI MDR (Merchant Discount Rate), and why is it being introduced? What is MDR? Merchant Discount Rate (MDR) is a fee paid by merchants to banks and payment service providers for processing digital payment transactions. The proposed MDR framework aims to support: UPI infrastructure development Cybersecurity enhancements Fraud monitoring systems Merchant onboarding and …