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Niti Aayog pushes for lower merchant discount rates

Niti Aayog pushes for lower merchant discount rates

Wednesday, April 5, 2017, 8:41 AM

The government has expressed its reservations over the merchant discount rates (MDR) proposed by the Reserve Bank of India. The Niti Aayog has clearly stated that it does not support any charge on transactions made using the Aadhaar-enabled payment system, while low or no charges should be imposed on debit card transactions as there are no risks involved, a senior official said.
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