Investors everywhere (this is not a problem specific to India) are notorious for jumping on the newest, shiniest bandwagons without necessarily understanding what lies underneath the hood. What is a problem specific to India is the dichotomy of its burgeoning investor community lining up with alacrity for their golden tickets,[Read More…]
Tag: Payment
MDR rates on debit card payments slashed by RBI
The Reserve Bank of India on Friday decided to slash Merchant Discount Rate (MDR) charges on payments made through debit cards. For transactions of up to Rs 1,000, MDR will be capped at 0.25% of the transaction value. For transactions above Rs 1000, and up to Rs 2000, MDR will[Read More…]