BRIEF-RBI Announces Revised MDR Framework For Debit Card Transactions

Last Updated: Wed, Dec 06, 2017 17:40 hrs

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 - http://bit.ly/2AVbv6q



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