Credit cards on UPI may up costs for small business

A report on these charges had made a radical proposal that the credit risk and interest cost on these transactions should be separated from the merchant discount rate (MDR) — the fees that the shopkeeper pays to the bank for facilitating credit card payments.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.