Published on 7/12/2017 5:44:14 PM | Source: Investmentguruindia.com

RBI`s decision to rationalize the merchant discount rate

Posted in | #RBI #Banking Sector #Expert Views


Below Is The View On  RBI`s decision to rationalize the merchant discount rate By  Mr Loney Antony, Managing Director, Hitachi Payment Services 

 

“ We welcome RBI’s decision to rationalize the merchant discount rate (MDR) yesterday. The new MDR will increase acceptance of debit cards particularly among small merchants and will further drive low value card transactions.  One major issue that needs to be addressed would be the fair distribution of MDR margins between the participants involved in such transactions including acquirers, issuers and card networks. This will ensure that acquirers are incentivized to develop the infrastructure necessary to further drive non-cash transactions.”   

 

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