Monday, March 11, 2024

BANKING

The dominance of PhonePe and Google Pay in the UPI market has sparked discussions about introducing fees on merchant transactions. Fintech companies argue that a merchant discount rate (MDR) is needed for long-term sustainability. Introducing fees could incentivize smaller players to compete and attract bigger platforms, benefiting the overall UPI ecosystem.

from Banking/Finance-Industry-Economic Times https://ift.tt/j9tMcHy
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