🔍 What is MDR in Digital Payments? 🤔💳

Описание: Ever wondered what happens behind the scenes when you swipe a card or scan a UPI QR code at a store? 🛍️📲

Let’s decode MDR – Merchant Discount Rate 👇

🧾 MDR is a small fee charged by banks/payment service providers to merchants for accepting digital payments – like Debit Cards, Credit Cards, or UPI.

But here’s the GOOD NEWS! 🙌
Since January 1, 2020, the Government has waived MDR on UPI and RuPay card transactions for small merchants under P2M (Person-to-Merchant) payments. 🆓

✅ So when you pay via UPI at your favourite tea shop or grocery store, no MDR is charged, and hence, no GST is applicable!
💼 The Government even compensates banks through an incentive scheme, so digital India keeps growing! 🇮🇳🚀

📌 Key takeaway:
No MDR = No GST = More Savings for Small Merchants 💡
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[ Digital payment, transaction, amount transaction, upi, G Pay, phone pe, Paytm, online transaction, GST, QR code, online payment, mobile payment, GST updates, payment news ]