December 6, 2017 / 11:53 AM / 9 days ago

BRIEF-RBI Announces Revised MDR Framework For Debit Card Transactions

Dec 6 (Reuters) - Reserve Bank of India:

* FOR SMALL MERCHANTS, MDR FOR DEBIT TRANSACTIONS TO NOT EXCEED 0.4 PERCENT FOR PHYSICAL POS INFRASTRUCTURE

* FOR SMALL MERCHANTS, MDR FOR DEBIT TRANSACTIONS TO NOT EXCEED 0.3 PERCENT FOR QR CODE-BASED CARD ACCEPTANCE INFRASTRUCTURE

* FOR OTHER MERCHANTS, MDR FOR DEBIT TRANSACTIONS TO NOT EXCEED 0.8 PERCENT FOR QR CODE-BASED CARD ACCEPTANCE INFRASTRUCTURE

* FOR OTHER MERCHANTS, MDR FOR DEBIT TRANSACTIONS TO NOT EXCEED 0.9 PERCENT FOR PHYSICAL POS INFRASTRUCTURE Source text - bit.ly/2AVbv6q

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