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PCI submits letter to PM Modi seeking re-evaluation of zero MDR for UPI and RuPay Debit
The Payments Council of India (PCI), an industry body representing a diverse range of non-banking payment industry players, ...
Fissures appear in Payments Council on letter to PM Modi on MDR without consultation
Some fintechs are miffed with Payments Council of India after it shot off a letter to PM on MDR without consultation. Such an ...
Payments body writes to PMO, seeks return of MDR on UPI for large merchants and RuPay debit cards
In a letter written to the PMO earlier today, the Payments Council of India said that more than 90% of merchants are small, ...
After PCI, Startup Policy Forum joins MDR on UPI pitch; says smaller players need room to grow
The push comes two days after the Payments Council of India (PCI) wrote to Prime Minister Narendra Modi advocating for the ...
Payments body PCI urges PMO to levy MDR on UPI, RuPay debit cards
If the proposal is accepted, nearly 90 per cent of India's 60 million UPI-accepting merchants will remain unaffected, as they fall under the small enterprise category ...