merchant discount rate

Axis Bank launches co-branded credit card with Flipkart, eyes 1 million new sales

The bank has 6.17 million credit cards in use, making it the fourth largest issuer in the country.

PCI says abolishing MDR charges to dry up investment capital, kill revenue source

PCI said digital payments in India have received quite high interest from various investors, both domestic and international.

Passengers not to be charged for MDR booking of railway tickets

Benefits on govt transactions must be passed on to public, and they should not face MDR charges while making payments to govt.

Card transaction costs lowered for 2 years

Centre to bear cost of transaction of up to Rs 2,000; reluctant merchants will have no more excuses.

Tickets booked on IRCTC website may cost less as MDR likely to go

At present, Indian Railways' catering and tourism arm transfers MDR charge to passenger.

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