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Merchant Discount Rates News

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Railway prices cheaper
09 Oct 2017
Railway tickets may get cheaper as govt mulls removal of MDR charges
The government had waived service charges after demonetisation in November last year to encourage digital modes of booking.
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Debit card
03 Jan 2017
Banks begin levying MDR charges on debit card payments
In what could be a blow for digital payments system, some banks in the country have started levying Merchant Discount Rates (MDR) charges on use of debit cards for payments.






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